91 %
Some 91 per cent of all auction campaigns had active bidding on the day . Of all auctions had active bidding last week .
85 %
Winter months traditionally in the marketplace will see a reduction in transactions but as we reflect on another week it is anything but , resilience is becoming the new norm .
N E W Z E A L A N D clearance rate
Sellers can continue to take confidence that now remains to be the best time to capitalize on premium prices with a continued shortage of stock on the market underpinned by the depth of the pre-approved buyer pool right across New Zealand .
In a variable market as prices continue to increase the risk to a property is to over price or under price . Its evident to mitigate this risk by creating transparency and competition within buyers allows a platform to guarantee confidence within buyers that have an equal chance of obtaining the property . This is also evident by the level of active bidding we had across all properties last week .
Our auction data remains robust illustrating to sellers who choose to engage in the auction process are being rewarded with sales prices exceeding the highest offer throughout the campaign by 14 per cent as demonstrated last week .
B E N E A S T Ray White New Zealand Auctioneer