This weeks data.
This is now serious, with the preliminary clearance rate under 60%. Will drop to close to 50% by Thursday when the final numbers come in. The most worry number is the 'sold after auction' being only 3. So out of the 249 passed in, the agents could only negotiate 3 sales. This would suggest a big gap between vendors and buyers is opening up.
We are probably at 2012 numbers for clearance rates in early December, and if the final number comes in at 50% or less, then we are below 2012 numbers.
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