The usual postponed, withdrawn, no results columns (also known as the fudge factor) have been omitted.
On Sunday the number of auctions waiting on results was 72 (ie. listed as auctions with no result), however the total reported auctions only increased by 51 since sunday.
Therefore 21 auctions have been left out of the final result - most likely passed in.
That gives a clearance rate using the REIV definition of 48%
The actual under the hammer clearance rate is 44%
The number of private sales listed is also less than reported on Sunday.
It will interesting to see the RPdata results.
Anyway here's the Wednesday update from REIV
Weekly Market Overview Saturday 5th & Sunday 6th November 2011
Total Auctions
This week: 576 Last week: 423 This time last year: 704
S Sold at Auction: 240 SB Sold before Auction: 48 SA Sold after Auction: 0
Passed in: 288 Passed in on vendor's bid: 185
Clearance rate: 50%
PS Private Sales: 432
Total Volume (Auctions): $210.65mil
Total Volume (Private Sales): $193.18mil
Total Auctions Houses: 391 Clearance Rate: 49% Median Price: $703,250 Total Value: $162,318,700
Total Auctions Flats/Apartments: 173 Clearance Rate: 53% Median Price: $475,000 Total Value: $47,049,580
Total Auctions Vacant Land: 12 Clearance Rate: 42% Median Price: $235,000 Total Value: $1,280,500
