The market has retreated over the weekend to a clearance rate of 55%. This clearance figure excludes 83 auctions that were not reported.
No turning signals about the market over the weekend, I’d expect conditions to be like this at best for the remainder of the year.
Owners that have realistic expectations and good property are managing to get a sale together. Ambitious reserves are wishful thinking at the present.
The highest sale from the weekend was 25 Kent Avenue Brighton for $6.4 Million.
For the fill wrap, watch here