Rodney Samuels Consulting: The State of the Market
The clearance rate this week cooled a little in line with the weather improving.
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The clearance rate this week cooled a little in line with the weather improving.
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With less than a 600 auctions run and won on the weekend, we’re still seeing a complete and utter lack of good quality stock available to the market.
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With an 82% clearance rate achieved on the weekend you would think the market is running hot, but once you look a little deeper is there cause for concern.
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Whilst the clearance rate hold strong at 77% the quality of what is being sold particularly on the Private Sale market continues to be in decline.
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With the clearance rate holding steady at 75% we are still seeing this skewed by the lack of clarity around auction numbers.
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