After the seasonal dip, Sydney's pulled off three consecutive weeks with auction clearance rates reported by APM at 77%.
There were 404 auctions last week, so volumes are up 25% yet clearance rates are identical.
http://domainmastheads.homepriceguide.com.au/saturday_auction_results/Sydney.pdf (this is updated weekly so it'll be invalid in 7 days)
Number Listed Auctions: 506
Number Reported Auctions: 368
Sold: 299
Withdrawn: 20
% Cleared: 77 %
Total Sales: $257,810,800
Median: $856,250
..it's the middle of winter.
There were 404 auctions last week, so volumes are up 25% yet clearance rates are identical.
http://domainmastheads.homepriceguide.com.au/saturday_auction_results/Sydney.pdf (this is updated weekly so it'll be invalid in 7 days)
Number Listed Auctions: 506
Number Reported Auctions: 368
Sold: 299
Withdrawn: 20
% Cleared: 77 %
Total Sales: $257,810,800
Median: $856,250
..it's the middle of winter.