Post to Facebook on 25/8/2019 10:59 AM
Commenting on “Melbourne auctions: Clearance rate passes 80 per cent but Abbotsford four-bedder just scrapes over the line”
Ouch! The real estate preliminary auction results on 24 August 2019 for Melbourne cracked 81%.
Let's look at some statistics:
Total auction : 596
Confirm result : 456
Sold: 380
Withdrawn: 12
Passed in: 76
In fact, the worse case scenario is 63.8%. Using 380/(456+12), I assume, to gives a higher number rate, over 80%, is fairly misleading.
Commenting on “Melbourne auctions: Clearance rate passes 80 per cent but Abbotsford four-bedder just scrapes over the line”
Ouch! The real estate preliminary auction results on 24 August 2019 for Melbourne cracked 81%.
Let's look at some statistics:
Total auction : 596
Confirm result : 456
Sold: 380
Withdrawn: 12
Passed in: 76
In fact, the worse case scenario is 63.8%. Using 380/(456+12), I assume, to gives a higher number rate, over 80%, is fairly misleading.
