The performance of the residential auction market improved marginally this weekend with a clearance rate of 72% compared to last weekends 67%.
There were a total of 525 auction results reported of which 379 were sold, 146 were passed in with 91 of those being passed in on a vendors bid.
This weekends result will be welcomed by vendors with homes listed for auction in the next few weeks as it shows that demand is still healthy and buyers still very active.
This weekend last year featured substantially fewer auctions with 293 auctions held and a clearance rate of 85% recorded.
Listings remain high with 1200 homes to be offered at auction in the next fortnight.
