Buyers out in force at Ray White auctions

Ray White auctions continue to see more buyer activity with an average of 2.8 registered bidders and 2.1 active bidders last week.

“The growing confidence among the public, alongside rising inventory levels, has sparked significant momentum for Ray White’s auctions,” Ray White New Zealand head auctioneer Sam Steele said.

“In the past week, Ray White hosted 181 scheduled auctions across New Zealand, achieving a clearance rate of 51.5 per cent. This success highlights both the increasing availability of properties and the abundant opportunities for buyers.

“Buyer participation has also strengthened, with an average of 2.8 registered bidders per auction.

“Selecting the right sales method remains crucial, and auctions continue to lead as the gold standard for success. With buyer sentiment shifting and many perceiving that the ‘buyer’s market’ is nearing its end, more are acting decisively to secure properties.

“The transparency and competitive nature of auctions are becoming ever more valued, contributing to stronger outcomes and boosting consumer confidence.

“Ray White New Zealand’s steadfast commitment to the auction process underscores our leadership in the market, driving both engagement and trust as we navigate through the traditional market cycle.”