Another weekend has passed, and once again we’ve seen the auction clearance rate hold steady in that 70%–80% range. It’s a clear sign that the market remains resilient, even with the number of new listings on the rise and buyer activity starting to spread across different price points.
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The clearance rate has continued to remain in the mid 70% to 80% range consistently throughout the year, and this has given the market a sense of stability.
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The old auction saying has never felt truer: quote it low, watch it go – quote it high, watch it die.
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In real estate, there’s a simple truth that holds steady no matter the market conditions: good properties, in good locations, always find good buyers and achieve good prices. This is what I call the Rule of the Three Goods.
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