The traditional gap between summer and winter markets is back after an abnormal year in 2021.
The year has sped by and somehow we are almost at the halfway point of 2022. Just to shock us all, it will be 2023 in six months. Winter has also set in and with the temperature drop has come a dip in market conditions.This happens almost every year with sellers and buyers waiting to bounce back along with the mercury. The lack of competition from buyers pushing up prices and fewer bidders on average at auctions can also make it a great time to buy.Last winter was unprecedented, Ray White scheduled 6,354 auctions and recorded a 78 per cent auction clearance rate. There was an average of 6.6 registered bidders and 3.7 active bidders at auctions nationally throughout the winter months. Compare that to the 2021-22 summer months where metrics were actually slightly down on the winter numbers.
Rewind back to winter in 2020 where the group scheduled 4,019 auctions with a clearance rate of 57 per cent and 4.5 registered and 2.6 active bidders on average. This was much more in line with 2019’s winter market and both were slower than the following summer markets.This year’s winter market is shaping up to resemble that of 2019 and 2020 and it appears after a 2021 peak the traditional difference between winter hibernation versus summer selling season is back.Moving on to what’s happening this week, the Ray White Group has 622 listings scheduled to go to auction nationally. On Saturday alone there are 373 auctions scheduled. Ray White in Melbourne has 174 auctions scheduled while Ray White Sydney has another 137 auctions booked this week. Ray White Brisbane has 82 auctions scheduled, while Adelaide has 46 auctions booked this week.
