Melbourne Property Sales Results
Saturday 18th & Sunday 19th May 2013
After a small dip in the clearance rate over the school holidays the market has returned to this years underlying trend. The recent interest rate cut should help to further boost buyer sentiment over winter.
There were 617 auctions reported to the REIV this weekend, with 453 selling and 164 being passed in, 96 of those on a vendor bid.
Next weekend the REIV expects around 750 auctions.
Enzo Raimondo CEO REIV
S Sold at Auction: 387
SB Sold before Auction: 66
SA Sold after Auction: 0
Passed in: 164
Passed in on vendor's bid: 96
Clearance rate: 73%
TOTAL AUCTIONS
This week: 617
Yesterday: 6
Last Sunday: 8
This weekend last month: 618
This weekend last year: 640
CLEARANCE RATES:
Weekend: 73%
Yesterday: 83%
Last Sunday: 62%
This weekend last month: 65%
This weekend last year: 60%