Auction preview 14 and 15 August
12-Aug-2010
Last weekend: 533 auctions, clearance rate of 66 per cent
This weekend last year: 504 auctions, clearance rate of 85 per cent
This weekend 2008: 465 auctions, clearance rate of 65 per cent
Comment
The REIV is expecting around 580 auctions this weekend.
After eight months’ recording of of selling and buying, the REIV can report that 18,294 homes were offered at auction, with a total of 13,940 sold, for a year-to-date clearance rate of 76 per cent.
Never before has this many homes been sold at auction by this time of the year.
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