Rodney Samuels Consulting: The State of the Market

Posted by on 04-08-24 in Auction Results, Market Insight, News

With the school holidays underway are people now looking for a distraction from their kids?

A clearance rate of 76% was achieved on the weekend, although there were only 462 reported auctions showing that the market may also be on a bit of a holiday.

The property market does traditionally follow the school year, particularly the home buyer market.

The fact that a lot of people both go away at this time of year but are also distracted by other things does make you question selling over school holidays but things are changing.

Over time we have seen the advent of technology making it easier to look at property from anywhere in the world but also the use of advocates to attend and bid at auctions if the person is not in town or does not want to attend the auction.

As we move forward we may move to a year round auction market but sometimes a break from auctions reminds us how good they can be to bring a finish to a campaign.

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