House sales via modern method auctions rise 14.5% year-on-year – Lomond
Total completions through MMoA were also up 9.4% year-on-year, as buyers and sellers increasingly looked to alternatives to traditional sales routes.
House sales through the modern method of auction (MMoA) increased by 14.5% over the past year, according to data from Lomond.
The estate and lettings agency network found that total completions through MMoA were also up 9.4% year-on-year, as buyers and sellers increasingly looked to alternatives to traditional sales routes.
Under the modern method of auction, transactions are conducted online over a longer bidding period than traditional auctions, with buyers and sellers given 56 days to complete once a price has been agreed.
Lomond’s data showed that sales through other methods took an average of 98 days to complete, making the MMoA completion period around 43% shorter.
The network said the figures came as lengthy transaction times continued to put pressure on buyers and sellers, increasing the importance of speed and certainty within the residential market.
Growth was particularly evident in Yorkshire and Manchester.
In Yorkshire, the number of properties offered for sale through auction increased by 25% year-on-year in Q1 2026, while auction completions in Manchester rose by 13.6% compared with the previous year.
Paul Clarke, chief revenue officer, North West and Midlands at Lomond, said: “Auction sales are becoming an increasingly attractive option for vendors seeking greater speed and certainty.
“There’s been a misconception previously that auction sales are for properties that need serious renovations, but this is most certainly not always the case.
“As transaction timelines continue to lengthen across the wider housing market, auctions offer a route to a quicker, more secure sale, helping to explain the growing appetite we’re seeing across a number of our regional brands.”
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