June Quarter Saw Both Auction Volumes And Clearance Rate Drop

The latest quarterly auction results released today came as no surprise as the nation faced some of the greatest disruptions to usual business practices during this period. As the COVID-19 virus continued to accelerate through the first quarter of the year, social distancing measures were increased immediately prior the June quarter. 

These restrictions resulted in the banning of on-site auctions and inspections, forcing real estate agents to pivot to online solutions or convert to private…