Added over 9 years ago

February 2011 lowest real estate sales figures in six years

The opening weekend for February hit the lowest auction clearance rate of 48%. This is well below the clearance rates from last year of 68%. In addition, RP Data's research revealed that total property listings were 8% higher than the same time last year which indicates an backlog of unsold properties from last year. Few buyers and more properties means it is a well and truly buyer's market and is a great opportunity for property investors. Investors should conduct their property investment analysis on the stock in the market to identify underpriced properties. 

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