Auction clearance rates begin to fall

Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results:

Today, CoreLogic has released its final auction results, which reported a 4.4% decline in the final national auction clearance rate to 68.5% – well above the same weekend last year (41.9%) but below last week’s 70.1%:

As you can see, Sydney’s final auction clearance rate was 6.3% lower than the preliminary reported rate, whereas Melbourne’s was 3.1% lower. Both were well above last year’s 44.8% (Sydney) and 41.4% (Melbourne).