BIDDING BY MONTH This chart illustrates the number of registered bidders and active bidders per auction for November 2024 .
Source : Source : Ray White Auctions
Our sales teams have noticed a distinct shift in buyer sentiment . While some remain cautious , the influx of new inventory and the recent OCR reductions have driven increased engagement and confidence . The competitive nature of auctions continues to generate strong results , reinforcing trust and delivering successful outcomes .
As the market transitions into its traditional seasonal patterns , Ray White New Zealand continues to champion auctions as the preferred sales method , fostering engagement and achieving exceptional results for buyers and sellers . We are thrilled to have been one of the country ’ s strongest-performing auction agencies through a challenging year and we look forward to building on this and delivering optimal outcomes in 2025 .
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