Essential Auction News
December’s auction activity presented a mixed picture for the market. While the number of properties reaching the rostrum increased slightly compared to the previous year, a drop in sales led to a decrease in the percentage sold. On a positive note, total revenue raised edged higher, suggesting that properties successfully sold achieved stronger prices, highlighting a selective but competitive market.
Despite the final month’s subdued performance, the year ended on a high, achieving growth in 11 of the 12 key metrics. The residential sector performed exceptionally well, with significant increases in lots offered (10.5%), lots sold (12.6%), and total revenue raised (18%). Although the commercial sector saw smaller overall volumes, it delivered solid growth in lots offered (3.6%), lots sold (3.3%), and revenue raised (7.3%), reflecting consistent demand across both sectors.
The final quarter showcased varied regional results, with every region achieving growth in at least one sales metric. London, the North East, and Yorkshire and the Humber solidified their positions as key auction hubs, posting improvements in total sales metrics. Regions like East Anglia and the West Midlands recorded strong growth for lots sold and total raised, despite a dip in percentage sold compared to the previous year. Meanwhile, impressive gains in total raised despite reduction in other metrics were observed in the East Midlands and Wales, emphasising the diverse nature of regional performance.
While December marked a quieter close to 2024, the strong performance across residential and commercial sectors lays a solid foundation for potential growth in 2025, provided vendors and auctioneers continue to adapt to the market’s selective and competitive dynamics.
Please note the newsletter can also be viewed online. Kind regards David Sandeman
davids@eigroup.co.uk P.S. Here at the Essential Information Group we maintain a database of virtually every property coming up for sale at auction as well as over 1 million lots that have been to auction in the past. It is fully searchable and allows you to identify properties coming up for sale that you might be interested in, and to see what similar properties have sold for in the past. If you would like a trial of our website, please register here. |
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Overall Statistics December 2024 |
| Total Lots Offered |
3,458 |
| Total Lots Sold |
2,407 |
| Percent Sold |
69.6% |
| Total Realised |
£475,368,900 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
December 2024 |
October 2024 to December 2024 |
January 2024 to December 2024 |
| Lots Offered |
3,458 (3,402) |
▲ 1.6% |
10,359 (9,583) |
▲ 8.1% |
39,468 (36,002) |
▲ 9.6% |
| Lots Sold |
2,407 (2,473) |
▼ 2.7% |
7,121 (6,647) |
▲ 7.1% |
28,092 (25,214) |
▲ 11.4% |
| Percent Sold |
69.6% (72.7%) |
▼ 4.3% |
68.7% (69.4%) |
▼ 1.0% |
71.2% (70.0%) |
▲ 1.7% |
| Total Raised |
£475.4M (£467.8M) |
▲ 1.6% |
£1,429.0M (£1,280.8M) |
▲ 11.6% |
£5,506.1M (£4,760.1M) |
▲ 15.7% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
December 2024 |
October 2024 to December 2024 |
January 2024 to December 2024 |
| Lots Offered |
3,056 (2,960) |
▲ 3.2% |
9,144 (8,412) |
▲ 8.7% |
34,856 (31,549) |
▲ 10.5% |
| Lots Sold |
2,136 (2,154) |
▼ 0.8% |
6,295 (5,865) |
▲ 7.3% |
24,892 (22,116) |
▲ 12.6% |
| Percent Sold |
69.9% (72.8%) |
▼ 4.0% |
68.8% (69.7%) |
▼ 1.3% |
71.4% (70.1%) |
▲ 1.9% |
| Total Raised |
£386.0M (£362.2M) |
▲ 6.6% |
£1,155.5M (£994.6M) |
▲ 16.2% |
£4,395.3M (£3,724.9M) |
▲ 18.0% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
December 2024 |
October 2024 to December 2024 |
January 2024 to December 2024 |
| Lots Offered |
402 (442) |
▼ 9.0% |
1,215 (1,171) |
▲ 3.8% |
4,612 (4,453) |
▲ 3.6% |
| Lots Sold |
271 (319) |
▼ 15.0% |
826 (782) |
▲ 5.6% |
3,200 (3,098) |
▲ 3.3% |
| Percent Sold |
67.4% (72.2%) |
▼ 6.6% |
68.0% (66.8%) |
▲ 1.8% |
69.4% (69.6%) |
▼ 0.3% |
| Total Raised |
£89.3M (£105.7M) |
▼ 15.4% |
£273.5M (£286.1M) |
▼ 4.4% |
£1,110.7M (£1,035.2M) |
▲ 7.3% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions.
N.B. Figures in brackets denote the comparative period last year
 East Anglia
(Includes Cambridgeshire, Norfolk, Suffolk)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
517 (442) |
▲ 17.0% |
471 (396) |
▲ 18.9% |
46 (46) |
▼ 0.0% |
| Lots Sold |
353 (322) |
▲ 9.6% |
318 (290) |
▲ 9.7% |
35 (32) |
▲ 9.4% |
| Percent Sold |
68.3% (72.9%) |
▼ 6.3% |
67.5% (73.2%) |
▼ 7.8% |
76.1% (69.6%) |
▲ 9.3% |
| Total Raised |
£63.1M (£54.8M) |
▲ 15.0% |
£50.7M (£46.9M) |
▲ 8.1% |
£12.4M (£7.9M) |
▲ 55.7% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
772 (704) |
▲ 9.7% |
665 (612) |
▲ 8.7% |
107 (92) |
▲ 16.3% |
| Lots Sold |
529 (531) |
▼ 0.4% |
452 (456) |
▼ 0.9% |
77 (75) |
▲ 2.7% |
| Percent Sold |
68.5% (75.4%) |
▼ 9.2% |
68.0% (74.5%) |
▼ 8.7% |
72.0% (81.5%) |
▼ 11.7% |
| Total Raised |
£97.4M (£82.3M) |
▲ 18.3% |
£72.6M (£63.4M) |
▲ 14.5% |
£24.8M (£18.9M) |
▲ 31.1% |
 London
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
827 (720) |
▲ 14.9% |
774 (656) |
▲ 18.0% |
53 (64) |
▼ 17.2% |
| Lots Sold |
612 (518) |
▲ 18.1% |
571 (472) |
▲ 21.0% |
41 (46) |
▼ 10.9% |
| Percent Sold |
74.0% (71.9%) |
▲ 2.9% |
73.8% (72.0%) |
▲ 2.5% |
77.4% (71.9%) |
▲ 7.6% |
| Total Raised |
£301.1M (£245.5M) |
▲ 22.6% |
£264.0M (£206.8M) |
▲ 27.6% |
£37.1M (£38.8M) |
▼ 4.2% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
708 (679) |
▲ 4.3% |
669 (632) |
▲ 5.9% |
39 (47) |
▼ 17.0% |
| Lots Sold |
541 (489) |
▲ 10.6% |
514 (458) |
▲ 12.2% |
27 (31) |
▼ 12.9% |
| Percent Sold |
76.4% (72.0%) |
▲ 6.1% |
76.8% (72.5%) |
▲ 5.9% |
69.2% (66.0%) |
▲ 4.8% |
| Total Raised |
£36.5M (£34.9M) |
▲ 4.7% |
£31.1M (£30.2M) |
▲ 3.1% |
£5.4M (£4.7M) |
▲ 15.1% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
1,498 (1,457) |
▲ 2.8% |
1,344 (1,331) |
▲ 1.0% |
154 (126) |
▲ 22.2% |
| Lots Sold |
1,001 (976) |
▲ 2.6% |
912 (892) |
▲ 2.2% |
89 (84) |
▲ 6.0% |
| Percent Sold |
66.8% (67.0%) |
▼ 0.3% |
67.9% (67.0%) |
▲ 1.3% |
57.8% (66.7%) |
▼ 13.3% |
| Total Raised |
£133.3M (£124.4M) |
▲ 7.2% |
£109.0M (£93.6M) |
▲ 16.5% |
£24.3M (£30.8M) |
▼ 21.3% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
701 (670) |
▲ 4.6% |
613 (584) |
▲ 5.0% |
88 (86) |
▲ 2.3% |
| Lots Sold |
507 (469) |
▲ 8.1% |
442 (410) |
▲ 7.8% |
65 (59) |
▲ 10.2% |
| Percent Sold |
72.3% (70.0%) |
▲ 3.3% |
72.1% (70.2%) |
▲ 2.7% |
73.9% (68.6%) |
▲ 7.7% |
| Total Raised |
£126.6M (£131.6M) |
▼ 3.8% |
£106.4M (£96.1M) |
▲ 10.7% |
£20.2M (£35.4M) |
▼ 43.0% |
 Northern Ireland
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
60 (63) |
▼ 4.8% |
51 (46) |
▲ 10.9% |
9 (17) |
▼ 47.1% |
| Lots Sold |
27 (25) |
▲ 8.0% |
26 (19) |
▲ 36.8% |
1 (6) |
▼ 83.3% |
| Percent Sold |
45.0% (39.7%) |
▲ 13.4% |
51.0% (41.3%) |
▲ 23.5% |
11.1% (35.3%) |
▼ 68.6% |
| Total Raised |
£2.7M (£2.1M) |
▲ 24.8% |
£2.6M (£2.0M) |
▲ 34.5% |
£0.0M (£0.2M) |
▼ 84.0% |
 Scotland
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
365 (284) |
▲ 28.5% |
263 (170) |
▲ 54.7% |
102 (114) |
▼ 10.5% |
| Lots Sold |
120 (112) |
▲ 7.1% |
74 (66) |
▲ 12.1% |
46 (46) |
▼ 0.0% |
| Percent Sold |
32.9% (39.4%) |
▼ 16.5% |
28.1% (38.8%) |
▼ 27.6% |
45.1% (40.4%) |
▲ 11.6% |
| Total Raised |
£14.3M (£19.4M) |
▼ 25.9% |
£5.1M (£5.4M) |
▼ 5.9% |
£9.3M (£14.0M) |
▼ 33.6% |
 South-East Home Counties
(Includes Channel Islands, East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
1,566 (1,455) |
▲ 7.6% |
1,405 (1,322) |
▲ 6.3% |
161 (133) |
▲ 21.1% |
| Lots Sold |
1,027 (978) |
▲ 5.0% |
909 (881) |
▲ 3.2% |
118 (97) |
▲ 21.6% |
| Percent Sold |
65.6% (67.2%) |
▼ 2.4% |
64.7% (66.6%) |
▼ 2.9% |
73.3% (72.9%) |
▲ 0.5% |
| Total Raised |
£254.7M (£224.0M) |
▲ 13.7% |
£205.7M (£182.6M) |
▲ 12.6% |
£49.0M (£41.4M) |
▲ 18.4% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Isles of Scilly, Somerset, Wiltshire)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
818 (794) |
▲ 3.0% |
708 (644) |
▲ 9.9% |
110 (150) |
▼ 26.7% |
| Lots Sold |
602 (585) |
▲ 2.9% |
521 (471) |
▲ 10.6% |
81 (114) |
▼ 28.9% |
| Percent Sold |
73.6% (73.7%) |
▼ 0.1% |
73.6% (73.1%) |
▲ 0.7% |
73.6% (76.0%) |
▼ 3.2% |
| Total Raised |
£130.4M (£122.0M) |
▲ 6.9% |
£112.6M (£91.9M) |
▲ 22.6% |
£17.8M (£30.1M) |
▼ 40.9% |
 Wales
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
623 (647) |
▼ 3.7% |
535 (553) |
▼ 3.3% |
88 (94) |
▼ 6.4% |
| Lots Sold |
404 (403) |
▲ 0.2% |
344 (350) |
▼ 1.7% |
60 (53) |
▲ 13.2% |
| Percent Sold |
64.8% (62.3%) |
▲ 4.0% |
64.3% (63.3%) |
▲ 1.6% |
68.2% (56.4%) |
▲ 20.9% |
| Total Raised |
£57.2M (£47.0M) |
▲ 21.7% |
£37.6M (£38.2M) |
▼ 1.6% |
£19.6M (£8.8M) |
▲ 122.7% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
1,096 (905) |
▲ 21.1% |
972 (798) |
▲ 21.8% |
124 (107) |
▲ 15.9% |
| Lots Sold |
793 (682) |
▲ 16.3% |
703 (602) |
▲ 16.8% |
90 (80) |
▲ 12.5% |
| Percent Sold |
72.4% (75.4%) |
▼ 4.0% |
72.3% (75.4%) |
▼ 4.1% |
72.6% (74.8%) |
▼ 2.9% |
| Total Raised |
£127.3M (£112.6M) |
▲ 13.1% |
£101.7M (£80.6M) |
▲ 26.2% |
£25.5M (£31.9M) |
▼ 20.1% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| October 2024 to December 2024 |
Total |
Residential |
Commercial |
| Lots Offered |
808 (763) |
▲ 5.9% |
674 (668) |
▲ 0.9% |
134 (95) |
▲ 41.1% |
| Lots Sold |
605 (557) |
▲ 8.6% |
509 (498) |
▲ 2.2% |
96 (59) |
▲ 62.7% |
| Percent Sold |
74.9% (73.0%) |
▲ 2.6% |
75.5% (74.6%) |
▲ 1.2% |
71.6% (62.1%) |
▲ 15.3% |
| Total Raised |
£84.4M (£80.1M) |
▲ 5.4% |
£56.3M (£57.0M) |
▼ 1.1% |
£28.1M (£23.2M) |
▲ 21.2% |
Disclaimer: The figures in this newsletter are based on sales data provided to us by the auctioneers.
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