Source: Ray White New Zealand
Ray White scheduled 882 auctions across New Zealand in March— a slight decrease year-on-year, but confidence among buyers and sellers continuing to strengthen, reflected in a rising clearance rate of 54.10 per cent.
Notably, the average number of registered bidders per auction climbed to 2.30, representing a 17 per cent increase.
Auctions gained significant traction, accounting for more than one-third of all new property listings nationwide, with a 35.40 per cent total stock.
Our sales teams have observed a clear shift in buyer sentiment, with numerous auctions attracting over 20 registered bidders. While some buyers remain measured in their approach, the increase in new listings and recent OCR reductions have fuelled heightened engagement and confidence.
The inherently competitive nature of auctions continues to deliver exceptional results, reinforcing trust and securing successful outcomes.
As the market evolves in line with seasonal trends, Ray White New Zealand remains steadfast in championing auctions as the preferred method of sale.
Auctions foster engagement and consistently deliver outstanding results for both buyers and sellers. We take pride in consistently achieving one of the country’ s topperforming auction agency rankings and look forward to building on this momentum to achieve even greater success in 2025.
RAY WHITE NOW NEW ZEALAND | 19