The week ending 29th August delivered a clearance rate of 99% from the 223 auctions reported for the period (based on REIV data). At the same time last year, there were just 41 auctions reported.
100 homes sold at auction last week and another 120 sold prior to auction, with 2 passed in. 441 properties were withdrawn from sale and 634 auctions were postponed.
As Melissa Heagney reported on the weekend, Melbourne’s real estate market will enter the 2021 spring season in lockdown. Twelve months ago, we were in the midst of our second wave and had a long way to go before restrictions eventually eased in late October.
We can only hope that, in the weeks ahead, we’ll see a swift return to low case numbers. When live auctions and property inspections are finally given the green light, we can expect to see a surge in activity as buyers and sellers get back to bidding on the streets of Melbourne.
Looking to buy in Melbourne and sick of missing out at auction? Talk to me about how I can help you buy your new home faster, for less.
We do offer our negotiate service for those buyers in the market looking to pounce on opportunities that arise. Get in touch if you’d like to know more.
Ask about our Home Buyer Search and Acquisition Service, where we do all of the legwork on your behalf to MAKE IT EASY to secure your new home.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
