Over the weekend, the overall average clearance rate came in at 47.0%, with areas such as the South at 37.8% and Central Coast at 40.0%.
However, the Lower North performed at a significantly higher rate coming in at 60.9%. Mosman specifically had a clearance rate on the weekend of 81.0% - almost double the rate of other areas.
As we can see, some areas are still performing at an impressive rate and delving even further, certain property types and even streets of each suburb is seeing 2-3 serious buyers competitively bid to secure it.
In the current market, you need an experienced and professional negotiator to ensure you are getting the right property for the lowest possible purchase price, and to ultimately ensure you are paying true market value. Call us today on 02 9960 1066.
*Source: Dr Andrew Wilson, Chief Economist at My Housing Market