Market Snapshot

Mr Gail King, CEO of REIV reported a clearance rate of 76 per cent was recorded this week compared to 79 per cent last week and 60 per cent this week last year. There were 586 auctions reported to the REIV, with 447 selling and 139 being passed in, 62 of those on a vendor bid. Seven Regional Victorian towns have recorded an auction clearance rate of more than 70 per cent so far in 2019. Swan Hill has cleared 76.9 per cent of its listings followed by Highton, Mildura and Geelong, each with 75 per cent.

 

CLEARANCE RATE      76%

LAST WEEK      576

AUCTIONS HELD    586

THIS TIME LAST YEAR   700