Sunday June 20th 2010
Compared with previous years there has been a record number of auctions this weekend, providing buyers with a good opportunities.
These conditions are expected to continue for the next few weeks.
Due to the record number of auctions the clearance rate was lower than was the case in previous weeks with 68 per cent of all homes auctioned selling.
There were 942 results reported this weekend with 638 homes selling and 304 being passed in, 199 of those on a vendors bid.
This weekend last year saw 540 auctions and a clearance rate of 86 per cent.
The REIV expects around 880 auctions next weekend.
See the full list of results here.
Source: REIV
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