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House Auction Prices

publication date: Jul 9, 2010
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

Are House Auction Prices improving ... or is it just a one off?

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 for house auction prices.

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 for all the Headline Residential Auction Statistics.

If you're thinking of buying or selling a property at auction, then take a look at our top tips - Buying or Selling at Auction Top Five Tips.

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