Welcome to the July newsletter:
Looking back at auction activity in June and preceding periods
126 auctions were held across the UK last month, 18 fewer than in June 2016, yet the market saw very little change in terms of overall performance. The number of lots offered increased by one solitary instruction, to 2,663 lots, whilst there were 14 fewer lots sold - down 0.7% to 1,947 lots. The total amount raised fell 3.7% to £267M, down £10M from June 2016.
Overall Statistics June 2017
Auctions Held in the UK 126
Total Lots Offered 2,663
Total Lots Sold 1,947
Percent Sold 73.1%
Total Realised £266,830,790
National Auction Analysis
The residential market saw a small increase in lots offered last month, up 1.5% to 2,317 lots, whilst lots sold fell by 0.6% to 1,684 lots. The rolling quarterly figures show minor fluctuations, but overall the sector's recent results have been largely comparable to those recorded last year.
A word from the editor: I welcome any feedback or questions you may have about our newsletters or the wider market in general.
Kind regards, David Sandeman
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By Beth Fox