It’s early days but auction markets rise

 This weekend’s auction clearance rates produced some encouraging early season results for sellers with signs that the market gloom and negativity widely predicted for the start of this year may have been oversold.

Although rates remain lower than the same weekend last year, they are nonetheless well above the record lows recorded by both Melbourne and Sydney last December.

Listing numbers however understandably remain well below last year at the same time with sellers still somewhat hesitant to test the waters – as yet.

But if markets can build on todays figures over coming weekend as listings rise, confidence will certainly start to return to our housing markets.