Residential Auction Market Update April 2009

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Property Auction Commentary  
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From a sales perspective, the auction market continues to outperform the 'normal' buying and selling market. The number of properties for sale is down by 28% month on month in April, but only 5% year on year. Whereas properties onto the market have halved in the normal market.

The real benefit of auctions is clearly been shown by their ability to sell versus the open market, with a 70% success rate at auction, versus 28% sold versus for sale boards in the open market.

February 09March 09

READ MORE in the EIGroup and RAPID update

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

Quarterly Auction Headlines April 09Feb - Apr 09Feb - Apr 08YoY +/-
Lots Offered1,953

6,642

8,477

-21.6%
Lots Sold1,368

4,861

5,585

-13.0%
Percentage Sold70%

73%

66%

-11.1%

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
Fax: +44 (0) 1530 264018

NALS Conference Chair 2016

Kate's Consumer Portal

Propertychecklists.co.uk

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