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.

 

CLEARANCE RATE                            48% 

AUCTIONS HELD                               757 

LAST WEEK                                          1148

THIS TIME LAST YEAR                    1518