A sharp rebound in auction numbers today predictably placed downward pressure on clearance rates with buyers provided with generally their best choice in listings for weeks.
Despite the second biggest auction Saturday this year following the previous weekends state election distractions, Sydney produced another sturdy result for sellers with a clearance rate yet again above 60% – and as usual a clear capital city leader.
By contrast Melbourne’s auction clearance rate was lower this weekend with higher listings testing the market with a rate just below 55%.
Results in the smaller capitals that also recorded a lift in listings were similar to last weekend’s results with Adelaide again clearly recording the highest clearance rate.
The post Auction Surge Puts Pressure on Clearance Rates – But Sydney Still Stands Tall appeared first on Property Update.
from Property UpdateProperty Update https://propertyupdate.com.au/auction-surge-puts-pressure-on-clearance-rates-but-sydney-still-stands-tall/
No comments:
Post a Comment