It has been well documented today that the weekend Auction results across Sydney are the highest in two months. This will probably be attributed to the warmer weather we are having but is more than likely because there is a bit more stock hitting the market.
We are also starting to see people mobilising for the Spring market.
There were originally 631 properties scheduled to go to Auction with 403 reported to have taken place and 337 sold under the hammer. There were 54 withdrawn for whatever reason.
Coupled with the higher level of stock there was also a higher median sale price of property sold at Auction at $1,330,000 which is inevitable.
The Clearance rate was 74% for those playing along.