Commentary  
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Although only a small contributor to the overall buying/selling market, auction statistics are a great lead indicator of what happens when sellers price properties at a price buyers are willing to pay. The auction market has continued to perform better from a percentage of lots sold basis (see stats below), although the number of lots on offer is down year on year, suggesting that some of the bargains may already be drying up!

The big change in the last month for the auction market has been new entrants from over the pond, with REDC launching their auctions on TV and in the local press. However, buyers BE VERY WARY! Read More

February 2009

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	March 09	Jan - Mar 09	Jan - Mar 08	YoY +/-
Lots Offered	2,101	5,462	6,392	-14.5%
Lots Sold	1,517	4,045	4,382	-7.7%
Percentage Sold	72%	74%	69%	+8.0%

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