There is a lot of talk of ‘low stock levels’ at the moment, and considering that normally we are seeing around 6/700 Auctions occur on a Saturday (at this time of year) we still had 567 scheduled – Which isn’t a significant drop.
I would also suggest that while the market hasn’t really made a backward step in prices and we haven’t witnessed a significant drop in stock coming to market, it is no surprise we don’t have a ton of sellers poised and ready. Most people who were thinking of selling didn’t end up picking a specific month and spending 3 months preparing the house, we saw a lot of property just rush to market following micro-climatic suburb trends.
That all being said, we ended up with 394 Auctions taking place with 355 selling under the hammer and 23 withdrawn for whatever reason.
The median sale price of property sold at the weekend was up at $1,221,000 – which is amazing to see, maybe just for sellers. … And agents.
n.b. we are all sellers at some point.
Thomas Merriman.
Thomas Merriman 