Rodney Samuels Consulting: The State of the Market
Posted by Sam Spernat on 08-26-24 in Auction Results, Industry News, Market Insight, Market Updates, News
On the weekend we saw a clearance rate of 77% being achieved.
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On the weekend we saw a clearance rate of 77% being achieved.
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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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