Published results clearance rates recorded this weekend in most capitals continue to give encouragement to the fewer and fewer sellers currently prepared to engage the market.
Sydney and Melbourne weekend property auction clearance rates have remained remarkably steady over the autumn selling season so far with the Sydney property market continuing to track above 60% and not too far away from the results recorded over the same time last year.
Auction offerings however are becoming fewer and fewer by the weekend as wary sellers continue to desert the market despite reasonable and consistent clearance rate results.
Comparisons with the auction numbers of the same weekend last year are skewed as that weekend was flooded with all-time record numbers of pre-Easter listings – how things have changed.
Results in smaller markets have been generally underwhelming this year with listings and clearance rates well down on last autumn, although Adelaide certainly appeals as the top performer.
from Property UpdateProperty Update https://propertyupdate.com.au/increasingly-deserted-home-auction-market-despite-more-solid-clearance-rates-this-weekend/
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