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Welcome to our Q2 Online Auction Index – our market-leading quarterly focus on the UK residential online auction market.
JAMIE COOKE
Co-founder
JAMIE COOKE
Co-founder
This second edition launches at a time when the market has seen a shift and faced some new challenges. Auction really comes into its own in more challenging marketplaces like we’re experiencing now, with its speed and security helping to push through sales for the serious buyers and sellers who are still in the market and looking to transact. So I’m pleased to report that we’ve seen another quarter of sales growth – our highest selling quarter since the business began.
In Q2 our Partner Agent Network also grew and we’re now working with over 6,000 Estate Agency branches. The majority of which are using our auction service to offer an alternative method of sale to their clients – supporting them through any kind of market.
“We have seen a significant improvement from a financial perspective in Q2 compared to Q1, with June being our best month of the year for auction. Auction has helped us overcome challenging market conditions in Q2 by providing sellers with an additional level of certainty and security".
"Auction contributed to making our Q2 successful by allowing our sellers to capitalise on today’s market price and lock-in the value of their property without concerning themselves with any uncertainty in HY2. Buyers have remained sticky with fall through levels below average. The immediate reservation, security and sales fee offered by auction has supported our income in light of Private Treaty sales taking longer to exchange".
The UK’s largest residential auction provider and pioneer of the Modern Method of Auction
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Find out moreSmarter, faster targeting for agents who want to grow their auction pipeline without the manual work. Reach motivated sellers at key moments and win more instructions with branded, automated campaigns
When it comes to selling a property, there’s no one-size-fits-all approach. That’s where our Method of Sale Audit (MOSA) – comes in. Read more.
Auction Watch is our new magazine helping buyers and sellers understand Modern Method of Auction, with expert advice, insights and real success stories from across the UK.
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