Understanding Clearance Rates: What They Really Mean for Sydney Buyers and Sellers

#market
#insights

Admin User

You often hear real estate experts and news reporters talking about "auction clearance rates." This figure is one of the most important weekly indicators of the health of the property market, but what does it mean for you?

## What is a Clearance Rate?
The auction clearance rate is the percentage of properties that successfully sold at auction on a given weekend, out of the total number of properties listed for auction. This includes properties sold under the hammer, sold just before the auction, or sold immediately after because it was passed in.
## How to Interpret the Numbers
Think of the clearance rate as a barometer of market confidence:
  • Above 70%:
  • Between 60% and 70%:
  • Below 60%:
## Why It Matters to You
  • For Sellers:
  • For Buyers:
While the clearance rate is a fantastic snapshot, it's just one piece of the puzzle. For expert advice on how to navigate the current market conditions in your specific suburb, it's always best to talk to a local professional.
Want a detailed analysis of what’s happening in your local market? The team at C&R Realty is here to help. Contact us for a no-obligation chat.