Days on market, clearance rate data can deceive or deliver for investors
Property investors can learn much about the market from metrics such as the time it takes a property to sell and local auction clearance rates but they can also be deceptive if not used appropriately.
The time a property spends on the market can give some indication of its value but this days on market is a metric that can also be skewed and manipulated. (Image source: Shutterstock.com)
After the weekend real estate auctions, we often hear media and real estate sales agents spruiking clearance rates in the capital cities.
This is because in the dynamic landscape of the Australian real estate markets, metrics such as clearance rates and days on market serve as vital indicators, offering insights into the health and trajectory of property markets.
Property investors should educate themselves and be aware of these metrics when bu…
