Leon Axford - Director at Axford Auctions
“I believe we will see a bullish start to the market in 2017 for January and February auctions.
“The run in to Easter will be disrupted with public holidays in April and will see the big rush to sell in March.
“Winter will see a stabilisation and holding pattern until a big rush of property through spring.
“It is always important to remember that the clearance rate needs to be looked at in conjunction with the amount of properties going to market.
“A 80% clearance rate for 400 auctions is 320 properties transacting. A 50% clearance of 1,000 auctions is 500 unconditional transactions, and sometimes volume is a relevant indicator.”