General
Auction Clearance Rates Weighed Down by Withdrawn Auctions
Challenges around new policies banning onsite auctions continued to see the auction market take a hit this week, over what is usually one of the busiest weeks of the year historically. This pre-Easter weekend didn’t quite meet the usual expectations, with 45% of auctions withdrawn from sale and 84% of auctions sold prior to the event.
The last two weeks had more than 6,000 properties scheduled for auction, with anticipation high as confidence was returning to the market…
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