REIV market snapshot – July 25, 2019

A clearance rate of 70 per cent was recorded over the weekend compared to 75 per cent last week and 63 per cent this same week last year.

There were 276 auctions reported to the REIV, with 194 selling and 82 being passed in, 34 of those on a vendor bid.

June 2019 recorded a 67.3 per cent clearance rate, the highest since February 2018, from 2382 listings, led by Glen Waverley and Reservoir with 38 auctions held in each.