Weekly Auction & Sales Results – July 18th 2010

The performance of the residential auction market improved marginally from last week with a clearance rate of 72%, compared to last weeks of 67%.

There were a total of 497 auction results of which 357 were sold, and 140 passed in, with 88 of the 140 being on vendor bids.

The corresponding weekend last year saw 293 auctions being  held, and a clearance rate of 85%.

Listings remain high with approximately 1200 dwellings to be auctioned in the next two weeks.

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