Since early 2023 , auction participation has shown a consistent pattern , with fluctuations only during holiday periods . This month , auctions have attracted an average of 4.5 registered bidders , with 2.8 typically engaging actively in the bidding process . These figures are slightly higher than last month ’ s and mirror those from a year ago .
Interest rate uncertainty remains a primary concern for many potential buyers . Affordability continues to be strained by high financing costs and ongoing price growth , which could dampen enthusiasm in 2024 as buyers become more cautious and look towards potential rate cuts in 2025 . This may lead to a slowdown in auction participation rates . However , if listings remain scarce in competitive markets , this could potentially result in more active bidders at auctions .
Average active bidders Average registered bidders