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Auction Property Market Update May 2010

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Last month's stats suggested a real stalling of the property market from an auction perspective, but this might be a one off as May's figures look much better.

The number of lots offered was up by 23% May 10 versus May 09, although still down by 14% year on year. The percentage sold however was down to quite a low 66% suggesting that lots weren't possibly as well priced as they could of been, or a lack of demand. The good news though is that the amount raised was up by 29% and on a par year on year.

At the moment, as these figures are going up one month and down the next, it's a little difficult to see a trend, apart from the last 12 months performing as well (or as bad!) as the previous 12 months, suggesting that actually the auction market is pretty static over time.

READ MORE in the latest RAPID INVESTMENT UPDATE

REMEMBER: Do your research first and NEVER buy a property at auction without a survey and the legal checks!

Jan 10Feb 10Mar 10Apr 10       
Feb 09Mar 09Apr 09May 09Jun 09Jul 09Aug 09Sep 09Oct 09Nov 09Dec 09

Headline Statistics for Residential Auctions
These statistics are provided courtesty of EIGROUP and are produced in detail by region

Quarterly Auction Headlines

May 10

Mar-May 10

Mar-May 09

YoY +/-

Lots Offered

2,1026,297

5,768

9.2%

Lots Sold

1,298

4,124

4,114

0.2%

Percentage Sold

66.5%

65.5%

71.3%

-8.1%


Useful Resources

EIGROUP  SAVILLS

For more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
Mob  +44 (0) 7970 646872

NALS Conference Chair 2016

Kate's Consumer Portal

Propertychecklists.co.uk

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