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Yes, auction results are rubbish. Sales prices are not.The one...

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nosirommit

1,995 Posts.

27

01/03/21

10:44

Post #: 51411510
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Originally posted by ryan0: ↑

I know this has been pointed out before but crunch the numbers for the 809auctions scheduled in NSW only 392 were sold for some reason the agents decided not to report the other 417auctions, mmmmm.... why ?????

by my calculations based on the 809 total auctions scheduled and the 392 sold, I come up with an NSW auction clearance rate of 48.5 %

Is the 92% auction clearance rate misleading?? is this deliberate??

92%
NSWclearance rate*
UpdatedSun 28 Feb 11:05 AM AEDT
Based on428auction results available
SOLD
389
Sold at auction
3
Sold prior to auction
0
Sold after auction
NOT SOLD
11
Withdrawn
25
Passed in
809 auctions scheduled

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Yes, auction results are rubbish.
Sales prices are not.

The one thing with auction results is they have always been rubbish, so there is still some correlation between high and low results.
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