{"id":39365,"date":"2021-06-03T12:20:11","date_gmt":"2021-06-03T01:20:11","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/reiv-market-snapshot-3\/"},"modified":"2021-06-03T13:32:25","modified_gmt":"2021-06-03T02:32:25","slug":"reiv-market-snapshot-3","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/reiv-market-snapshot-3\/","title":{"rendered":"REIV market snapshot"},"content":{"rendered":"<p>BY GIL KING, CEO REIV<\/p>\n<p>A clearance rate of 93 per cent was recorded this week compared to 80 per cent last week and 71 per cent this same week last year.<\/p>\n<p>There were 724 auctions reported to the REIV, with 674 selling and 50 being passed in, 16 of those on a vendor bid.<\/p>\n<p>Nillumbik Shire has recorded the strongest clearance rate in metro Melbourne with 93.5 per cent this year so far, led by Eltham selling 48 out of 50 auction listings.<\/p>\n<p>Agents have postponed several auctions in Geelong, Surf Coast and the Bellarine until further notice.<\/p>\n<p><strong>Saturday May 29, 2021<\/strong><br \/>\nClearance rate: 93%<br \/>\nSold at auction: 370<br \/>\nSold before auction: 303<br \/>\nSold after auction: 1<br \/>\nPassed in: 50<br \/>\nPassed in vendor bid: 16<br \/>\nWithdrawn: 198<br \/>\nPostponed: 324<br \/>\nNo result: 305<br \/>\nTotal Volume: $733.11m<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BY GIL KING, CEO REIV A clearance rate of 93 per cent was recorded this week compared to 80 per cent last week and 71 per cent this same week last year. There were 724 auctions reported to the REIV, with 674 selling and 50 being passed in, 16 of those on a vendor bid. [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/reiv-market-snapshot-3\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":153,"featured_media":39366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-39365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>REIV market snapshot - Geelong Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/reiv-market-snapshot-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REIV market snapshot - Geelong Times\" \/>\n<meta property=\"og:description\" content=\"BY GIL KING, CEO REIV A clearance rate of 93 per cent was recorded this week compared to 80 per cent last week and 71 per cent this same week last year. There were 724 auctions reported to the REIV, with 674 selling and 50 being passed in, 16 of those on a vendor bid. 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There were 724 auctions reported to the REIV, with 674 selling and 50 being passed in, 16 of those on a vendor bid. 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