Another cracking weekend at auctions around Sydney, there was a slight dip in clearance rate again but an increase in property going to sale under the hammer.
There were originally 748 properties scheduled to go to auction with 479 taking place and 382 reported to have sold under the hammer. There were 71 withdrawn for whatever reason.
The Clearance rate was 69% and the median price of property sold was $1,335,000.
What I have noticed a lot of recently, and these figures will support this, is properties selling prior to auction and for good prices.
Maybe we will see more of this ….