There needs to be a better way to watch the valuations of housing.
Kincella is right the auction price has boomed, but I also watch the private sale figures, the average private sale (which is much higher volume than auctions) is still bouncing around $460K.
Auction prices dont seem to be a valid way to monitor price movement IMO it bounces around a lot more drasticly than the average of private sales which is the majority sold. The only thing I find usefull from auctions is watching the volumes going to auction as it can indicate how many people are want to sell quick.
