Market Snapshot!

Mr Gail King, CEO of REIV reported a clearance rate of 78 per cent was recorded this week compared to 79 per cent last week and 63 per cent this week last year. There were 553 auctions reported to the REIV, with 430 selling and 123 being passed in, 39 of those on a vendor bid. More than 42 per cent Metropolitan Melbourne auction sales have taken place in middle ring suburbs this year, which is the highest proportion since 2015.

 

CLEARANCE RATE      78%

LAST WEEK      688

AUCTIONS HELD    553

THIS TIME LAST YEAR   781