With the first full auction weekend of the year having been run and won we saw some consistency continue.

A clearance rate of 80% was achieved, bearing in mind it was the first weekend back and only 760 auction were conducted.

This shows we are easing into 2024 or that there is a still a lack of stock available to the market that is keeping the clearance rate buoyant.

As we continue into the year I don’t think we will see a dramatic increase in stock levels.

Interestingly there has been a change to more private sales and expressions of interest as agents struggle to manage vendors expectations and their own ability to have hard conversations with their vendors about the true value of their properties.

Now more than ever having your property priced right can be the difference between a failed or successful auction campaign, and if your agent cant have an honest talk around your level of expectation and is just telling you what you want to hear.

Why are you using them?