Optimism’s turn for clearance rates | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Leanne Pilkington. Optimism was the flavour of this week’s clearance rates with quality properties attracting strong demand and results.
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Hi, Leanne Pilkington, Managing Director of the Laing+Simmons group and President of the REINSW, here to talk about the Real Estate Wrap for the week commencing November 26th.
Do you believe we are one month away from Christmas? Cannot believe it! And the market is fairly busy. We had 1,021 go to auction on Saturday just gone, which is up from just over 800 the previous week.
The good news is that the clearance rates are up marginally. It’s a 5-week high. Clearance rates were preliminary about 52.8 per cent. We think that will come back a little bit, but not as far back as it has in previous weeks. So that’s some good news.
It does mean that vendors are accepting the prices that buyers are willing to pay for their property to get a deal done this side of Christmas.
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