Market Snapshot

Mr King, CEO of REIV reported yesterday that a clearance rate of 48 per cent was recorded this week compared to 48 per cent last week and 68 per cent this week last year. There were 757 auctions reported to the REIV, with 365 selling and 392 being passed in, 170 of those on a vendor bid. In 2018 to date, the Shire of Hepburn has recorded its strongest auction performance with 26 sales resulting in an 84 per cent clearance rate. This is also the highest clearance rate by municipality in Victoria.

 

Auctions Held This Week

795

Previous Week

1182

This Time Last Year

1577

Clearance Rate This Week

49%

Previous Week

48%

This Time Last Year

69%