SYDNEY'S 2017 AUCTION MARKET OFF TO A FLYING START.
Feb 03, 2017 12:37 AM
The Sydney weekend auction season re-commenced on Saturday for 2017 after a five weekend holiday break and produced overall solid results for sellers from a small but reasonable early-season choice of homes. andrew-wilson
Although auction numbers were predictably low for a late January holidays impacted weekend, the 55 homes listed were nonetheless higher than the 47 listings recorded over the same opening weekend last year.
Low auction numbers can result in misleading insights into the underlying nature of the housing market with more robust understandings to be revealed as listings climb sharply over coming weekends.
The Sydney housing market recorded a clearance rate of 65.3 per cent on Saturday which was well ahead of the 43.2 per cent reported over the same weekend last year.
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