This week the clearance rate dropped again but at least we have seen some fluctuation rather than a complete drop off. While we were up around 65% last weekend, we did drop again to about 56% this weekend.
There is continued speculation of a rate rise, but no evidence of it happening soon. I guess every week is one week closer.
Finally, there seems to be a stable return of buyers to the market at the moment and while not all auctions are performing with the same level of excitement of recent years, the results we are seeing on sold properties are very good.
There were originally 670 properties scheduled for Auction with 336 reported to have taken place and 238 sold under the hammer with 91 reported to have been withdrawn prior.
Thomas Merriman.
Thomas Merriman 