With more properties coming onto the auction market there has been fear and optimism, will this help the market along or will it quell the interest and drop the clearance rate back down to low levels.

With nearly 600 auctions conducted on the weekend we saw the clearance rate come back a little bit from the high’s of week to a more sensible 76%.

What does this mean for the market and more importantly the buyers and sellers out there?

Well it shows that the market is not just over hyped and that whilst we have solid demand for properties there isn’t a never ending stream of buyers.

In general though the market is still very healthy and performing very well with consistent pricing being achieved with a slight upward trajectory.

This is the signs of a healthy market as some property is still being rejected for being over priced or just simply not very nice.

My concern will be when we have a high clearance rate and big prices paid for sub standard property as that is the sign we could have a crash after the boom.