Source: Ray White New Zealand
The clearance rate lifted to 51.3 per cent, while the average number of registered bidders per auction climbed by 19 per cent to 2.4.
Auctions represented nearly one-third of all properties taken to market, accounting for 32 per cent of total new listings, reaffirming their standing as the method of choice for many sellers.
Our sales teams have observed a noticeable uplift in buyer confidence, evidenced by strong attendance and a growing number of auctions achieving double-digit bidder registrations. While a degree of caution remains, increased stock levels and monetary tailwinds are encouraging active participation on both sides of the transaction.
The transparency and competitiveness inherent in auctions continue to drive superior results, building trust and delivering strong sale prices. As the market evolves through the seasons, Ray White remains steadfast in its commitment to auction excellence.
We are proud to stand among New Zealand’ s topperforming auction agencies and remain focused on continuing to elevate this success through 2025 and beyond.
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