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Post Eater Auction Results 02/05/2011 (D/M/Y)

Saturday 30th April & Sunday 1st May 2011

The clearance rate from this weekends residential auctions is 57 per cent which is 5 per cent less than the year to date clearance rate of 62 per cent.

The number homes on the market has reduced since Easter and it is apparent from this weekends result that the number of active buyers has as well.

There was a total of 480 auctions reported this weekend of which 276 sold and 204 were passed in, 116 of those on a vendors bid.

This weekend last year saw a very high 872 auctions and a clearance rate of 80 per cent.

The REIV expects just over 600 auctions next weekend. (More On REIV)

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