They say that we only know when we have hit the bottom of the market when it starts to go up again. … I am wondering whether we are about to see that at this stage.
Further to last weeks post, there is still nothing particular that has had a direct impact to the market other than sentiment. Even the argument of affordability is out the window with cashed up buyers sitting on the fence.
This weekend we saw the lowest clearance rates in a long time, if I was buying, I would most certainly be in the market … right now!
There were 568 properties listed for Auction with 313 reported to have taken place and 186 reported to have sold under the hammer.
The Clearance rate was 44%.
Thomas Merriman.
Thomas Merriman 