Excitement may have been short lived or premature with last weeks auction results with a slight dip in Clearance rates this week. However, there were a few less auctions.
We are currently in the lead up to Spring and the amount of properties getting read to hit the market shortly is starting to increase, from what we can see.
There were 579 properties originally scheduled to go to Auction with 394 reported to have taken place and 306 sold under the hammer.
The median sale price was down slightly at $1,160,000 and the Clearance rate was 69%.
Thomas Merriman.
Thomas Merriman 