WITH the feverish bidding of a few months ago cooling, the market seems to be stabilising at a more sustainable level.
Stock levels are still well above last year, but the clearance rate appears to be steadying, having remained in the mid to high 60 per cent range for the past few weeks.
Falling below the February high of 87 per cent, it shows signs the market could be easing into what agents say is a more typical and healthy state.
The 560 auctions reported this past week generated a clearance of 67 per cent. – Click here for the rest of the article (PDF Format)