## 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
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.