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Victorian Auction Clearance Rates Indicate A Potential Good Time To Sell

By Matt Hurlston

If you’re looking to sell real estate in Carnegie or any of the surrounding suburbs, now could be the time. According to the latest Real Estate Institute of Victoria auction clearance results; there has been no sign of the usual winter market slowdown.

A clearance rate of 71 per cent was recorded over Saturday June 22 and Sunday June 23, with 681 houses going up for auction this weekend. 484 of these were sold, 197 being passed in and 102 going on a vendor bid.

This compares to a clearance rate of 70 per cent last weekend and a 56 per cent clearance rate for this weekend last year.

The median price for houses sold at auction was $780,000, while units recorded a median sale price of $525,000.

It could be a fantastic opportunity to take advantage of a geared up winter auction market if you’re looking to sell property, and getting in contact with a real estate agent could help you to make the most of the opening.

Selling Oakleigh real estate can be made simple by getting in contact with the team at Ray White Carnegie – their local market knowledge can help to ensure you get your property out there and achieve the best deal possible!

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