Ray White Now | Updated weekly Ray White Now | Vol 3 - 1 June 2020 | Page 3

Informed sellers know now is the time.
Last week’s results built on the momentum of the past few months. It was another week
of consistent and very strong buyer activity, coupled with increased auction numbers.
We sold 997 properties, which was a 75 per cent increase on the week before. We took
258 properties to auction this week, which was up 40 per cent on last week. With these
higher auction numbers, our auction clearance rates continue to trend upwards, as do our
average numbers of registered bidders.
We are seeing a stronger commitment from vendors to run full campaigns right up to
auction day. In fact, all of our auction metrics, except for auction volumes, are at levels not
seen since early March 2020.
We sense a growing degree of confidence arising from the easing of restrictions and our
customers becoming more aware of the evidence of strong sales results.
Despite all of the above, we again saw a reduction in the number of new listings coming
onto the market last week. All of this supports our recommendation that now is an
opportunistic time to market property.
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The information is general information only, not financial advice, and does not take into account your individual objectives, financial situation or needs.