Understanding auction numbers during COVID-19

On the 25th of March, real estate agents were temporarily banned from hosting open property inspections and on-site auctions.
The ban resulted in changes to the auction process, which went from on-site to online. 

These changes are reflected in some startling data points in the auction results. Below is a summary of typical auction outcomes before and after auction bans were put in place. 

The biggest stand-out in the data is an increase in properties withdrawn from auction….