Market starts to slow

Market starts to slow

  • Only 2 cities increase numbers
  • National clearance declines slightly

Last week

Last week was the 2nd busiest auction week of the year with 2,590 homes taken to auction across the combined capital cities, returning a final clearance rate of 70.1 per cent. In comparison, there were 2,412 homes taken to auction over the previous week and a final clearance rate of 70.6 per cent was recorded. One year ago, auction volumes were higher with 2,745 homes taken to auction, however the clearance rate was significantly lower with just 42.0 per cent of auctions returning a successful result.

This week and weekend

CoreLogic is currently tracking 2,369 auctions across the combined capital cities this week, down from 2,590 over the previous week and 2,701 over the same week last year.   There are just under 1,100 auctions scheduled in Melbourne this week, compared to 1,242 last week and 1,132 this time last year.

Watch for Kevin Brogan’s thoughts about the weekend ahead and the numbers around the country and then join him on Monday as he gives the most comprehensive national roundup of the full week’s activity and a look inside the top sales in 6 capital cities.

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Kevin Turner
kevin@realestatetalk.com.au
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