Another strong performance for Ray White Victoria (Week ending 4 May) with a clearance rate of 78% from 68 auctions reported. (An interesting stat is that we consistently auction close to 10% of the total auction market each weekend)
Victoria clearance: 70% from 704 auctions (Source: REIV)
The REIV expects there will be more than 3,000 auctions to be held in May, with the long-term average clearance rate for May being 70%.
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Ray White Victoria and Tasmania capped off 2020 with an all time record in December, as the market fired back to life after the extended lockdowns in Australia’s auction capital. Australasia’s largest network sold more than 1,210 homes for $840 million in December across Victoria and Tasmania, on the back … Read more