Thomas merriman

SYDNEY AUCTION CLEARANCE RATES – SATURDAY SEPTEMBER 2ND

As Spring heats up and the traditional selling market gets ready for the busiest period of the year we begin to see consistently more properties hitting the marketing and subsequently going up for Auction.
Winter has become a strong selling period recently with sellers looking to avoid the Spring/Summer crowd of properties on the market but nothing beats a good old frenzy.

There were originally 649 properties scheduled to go to Auction at the weekend with 438 reported to have taken place and 340 sold under the hammer.
The Auction clearance rate has dropped slightly as the number of properties rise sitting just under 70% at 67%. Watch this space.

The Median sale price of property sold at Auction was $1,271,500.

Thomas Merriman. 

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