They report that there were 2,331 auctions held in July 2018.
A total of 1,471 of these sold representing a clearance rate of 63.1 per cent for the month.
While July typically experiences less auctions than June, this is a significant drop in auction numbers, likely due to the more modest clearance rates Victorian auctions have experienced in recent months.
Reducing the auction numbers seems to have boosted the clearance rate somewhat however.
So far there have been 22,992 auctions held in Victoria in 2018, with 65.7 per cent selling.
The local government areas of Moreland (147 auctions), Darebin (141 auctions), Whittlesea (133 auctions) and Glen Eira (123 auctions) had the highest number of auctions this July.
The middle Melbourne region recorded the highest number of auctions in July, with 36.7 per cent of total auctions in Victoria occurring in middle Melbourne.
Middle Melbourne also had the most sales at 523.
Regional Victoria had the highest clearance rate at 71.1 per cent.
At the suburb level, Reservoir had the most auctions for the month, with 48 auctions held in July 2018 followed by Craigieburn (44), Preston (32) and Mount Waverley (30).
Reservoir (28 sales) and Craigieburn (27 sales) had the highest number of properties sold by auction in July.
It should be noted that the REIV continues to receive results several weeks after the date of auction which may lead to revisions in auction data.