THE MARKET COULD BE ENTERING A COMFORT ZONE AS THE CLEARANCE RATE STEADIES.
ANOTHER big day, another average result. Melbourne’s clearance rate was 66 per cent for the 806 auction results so far reported to the Real Estate Institute of Victoria.
The outcome of another 126 scheduled sales has not yet been reported, while 20 auctions were postponed or cancelled by vendors.
This marks the fourth week in a row where the clearance rate has seemingly stabilised in the low-to-mid 60 per cent range after an initially weak opening in late January and early February.
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