Rodney Samuels Consulting: The State of the Market

With a clearance rate of 80% achieved on the weekend is it time to breathe a sigh of relief or time to be careful.

With only 500 odd auctions being run and won i think it is to early to say everything is fine and back to normal in property market.

As we wind up 2020 we still see a lot of buyers out and about but we are also seeing very low stock levels.
Until we see a large increase in stock and a somewhat return to normal of opens we are still in a changing market.

The signs are very positive at the moment and there is some good confidence in the market. What will be interesting is when the stock levels increase will that quell the demand or will we see more people come into the market to take up the supply and thus keep the market buoyant.

I believe 2021 will be a strong year but how strong will depend on how we keep out of lockdowns.

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