Well, I have seen an article suggesting that the Saturday just gone was the best set of Auctions we have had in August, ever.
At 84% Clearance Rate, that is no surprise.
The amount of property going to Auction is a bit lower however, which may be a contributing factor. The lower stock levels are grouping a – still – large number of buyers into less purchase options creating good activity and obviously, good bidding numbers.
Originally there was 492 properties scheduled for Auction with 364 taking place and 31 withdrawn for whatever reason.
The median sale price for property at Auction was $1, 175, 000 which is still great.
Thomas Merriman.
Thomas Merriman 