Our sales teams are reporting heightened buyer activity, with stronger attendance and a growing number of auctions achieving double-digit bidder registrations. While a degree of caution remains, increased listing volumes and supportive economic conditions are drawing greater engagement from both sellers and buyers.
While success rates and average bidder numbers are key metrics, the significance of days on market perhaps shares a more enlightening picture. Auction sales saw an average of 39.5 days on market, in stark contrast to private treaty’ s 59 days to sell.
The transparency and competitiveness of auctions continue to deliver outstanding outcomes, building confidence and trust in the process. As the market evolves, Ray White remains steadfast in its commitment to auction excellence.
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