October 2024: A record-breaking month for Auction

October was a record-breaking month for iamproperty, with 1,097 properties sold at Auction on behalf of our Partner Agents. This surpassed September’s milestone of over 1,000 properties sold in a single month for the first time. This significant achievement follows our highest-ever quarterly sales, as outlined in our Q3 Online Auction Index. 

Thanks to an increase in stock and buoyancy as consumer confidence settles post-general election, the Auction market is experiencing strong growth. In October alone, our Partner Agents benefitted from record fees of £4.36m, while delighting both buyers and sellers with Auction’s speedy 56-day completion timeframe*.  

Here’s a look at our full Auction roundup from October: 

1,097 properties sold (+19% vs October 2023)  

20,598 property viewings 

£1,287,500 highest Sale Price 

6,237 bids placed 

£204.54m worth of property sold (+29% vs October 2023) 

£4.36m fees paid to Partner Agents (+34% vs October 2023) 

Every month, our Auction results reflect the growing popularity and success of auction as an alternative method of sale. 

Are you missing out on the Power of Auction? 

With our market-leading Auction service, our Partner Agents win more instructions, build new revenue streams, and protect their sales pipeline. With speed, security, and transparency at the heart, we empower Estate Agents to accelerate their success with: 

• 28 or 56-day completion timescales* 

• Fewer fall throughs with our 95% success rate 

• Quicker 7-day payments^ 

• More committed buyers and sellers, meaning fewer transactions where you don’t receive a fee 

• More choice and security for your clients 

*Based on standard properties. From receipt of draft contracts. 
^From receipt of auction fee. Must qualify. Not applicable to caveated or £400k+ properties.