The Median sale price at Auction is back up over $1,000,000 after the weekends Auctions to $1,025,000.
The Median Auction price up over the $1M mark is indicative of the quality of homes Auctioned at the weekend irrespective of the quantity,which often brings the price down.
There were 737 homes originally listed and 599 that were listed as taking place with 552 reportedly selling under the hammer at the weekend. This has given us a Clearance Rate of 88%.
As we draw nearer the colder months, where the market traditionally slows slightly in the hope of a spring boom, it is now showing no signs of drawing to a close. Buyers are many, stock is light on the ground and Auctions clearance rates are soaring near the 90’s.
Thomas Merriman.
Thomas Merriman 