Melbourne properties sold under the hammer saw a stronger price recovery in the past year than those sold privately, new figures show.

Real Estate Institute of Victoria quarterly median price data shows that in the 12 months to September 30, house and unit values across the city fell following several consecutive interest rate rises last year.

But sellers who took properties to auction were far better off than those who sold in the private market, with auction house prices only dropping by $44,000 (3.8 per cent) to hit a median of $1.185m, while units were down just $8000 (1 per cent) to $780,000.

As reported by the Herald Sun

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