The auction sector raised a total of £432.8m in March, up 13% on the same month last year.
The latest data from Essential Information Group shows the residential sector climbed by 4.7% to £299.7m, while commercial was up 37.6% to £133.1m.
The March data continues a strengthening picture for the auction market, with commercial showing the sharpest growth.
The rolling 12-month total (April 2021-March 2022) for the overall market is up 24.5% year-on-year to £4.3bn.
Residential is up by almost 20% on the same period to £3.1bn, while commercial is up 41% to £1.1bn.
EIG managing director David Sandeman said: “The biggest growth was in the commercial sector, where all the metrics show an increase with the exception of a very small reduction in the percentage sold for the rolling quarterly and annual figures.
“This upward trend in sales levels has been evident for several months now, and with the full lifting of all Covid restrictions the appetite for buying at auction seems to be increasing. In addition, with no restrictions, auctioneers are able to inspect and show properties to prospective purchasers with ease.”
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