Date Published 17 January 2011
Homes that sold at auction in December were 26.4% cheaper than property sold through estate agents.
According to a new report from Fathom Consulting, the discount is the largest since the bottom of the housing market in late 2008 and early 2009.
The gap between auction and estate agency prices had been around 20% since the middle of last year.
Fathom Consulting says that the discount is significant because it claims that auction prices predict what will happen in the wider market.
The index, produced in association with property portal Zoopla, was based on 389 properties sold at auction in December.
So the message is very clear, to achieve the best possible price for you property always use an Estate Agent and not an Auctioneer !!