This week saw a record low number of commercial auctions for March, with preliminary results indicating only 13 auction events recorded.

Of these, preliminary results indicate 6 properties sold. This suggests a clearance rate of just 46.2%, but realistically there were not enough observations to derive a meaningful clearance rate.

industrial

40%

retail

60% 

hotelandleisure

-

office

-

medicalandmisc

-

The relatively low level of commercial auction activity collected by CoreLogic is off the back of 24 sales against 41 auction events in the week ending the 16th if March.