Ray White held 880 scheduled auctions nationwide in April. While this figure represents a modest 1.80 per cent year-on-year increase, it was accompanied by a notable uplift in auction success rates and bidder participation.
The clearance rate rose to 46.10 per cent, supported by a 21 per cent increase in the average number of registered bidders per auction, which is now 2.10.
Source: Ray White New Zealand
Auctions accounted for nearly one-third of all properties brought to the market in April and 30.40 per cent of total new listings nationwide, reaffirming their prominence as a preferred method of sale.
Our sales teams have observed a marked shift in buyer sentiment, with multiple auctions drawing doubledigit bidder registrations. While some caution persists, increased listing volumes and recent monetary policy shifts have driven higher levels of engagement and confidence among both buyers and sellers.
The competitive dynamic inherent to auctions continues to deliver superior outcomes, fostering transparency, trust, and strong sale prices. As the market evolves in alignment with seasonal patterns, Ray White remains unwavering in its commitment to auction excellence.
We are proud to consistently rank among the top-performing auction agencies in New Zealand and remain focused on building on this success through 2025 and beyond.
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