Bidding with confidence
Sam Steele Head Auctioneer Ray White New Zealand
Stability in monetary policy, easing debt-servicing pressures, and an influx of Spring listings are all shaping sentiment in the auction market. Ray White New Zealand’ s August auction performance offers a compelling reflection of this dynamic landscape.
Seasonal momentum continues to create more rewarding conditions, energising our national auction network and compounding stronger results month by month. In August alone, Ray White conducted 377 auctions nationwide, highlighting a 7.7 per cent increase year on year.
Beneath the headline volume, the underlying performance tells the true story. Clearance rates lifted to 52.5 per cent, while the Spring stock uptick in new listings saw the average number of registered bidders per auction drop slightly to 2.4. Auctions also accounted for more than a third of all new property listings with 34.7 per cent, reaffirming their position as the preferred method of sale for many owners.
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