Sellers Shift from Auctions to Private Sales in Softening Market

New data indicates a significant shift in seller behavior, with a rise in properties initially listed for auction converting to private treaty sales. This reflects a broader softening of market conditions across capital cities.

For the western growth corridor, this shift suggests a buyer's market where negotiation is becoming more prevalent than competitive bidding. Buyers might have more time to consider offers, while sellers should be flexible with sales strategies.