Auction clearances go BOOM!

Auction clearance rates surged over the weekend, with the preliminary rate nationally rising to 78.9% from 72.9% last weekend:

Auction clearances were also way above the 41.3% recorded in the same weekend last year:

Sydney’s preliminary clearance rate was 84.7%, up from 82.3% last weekend, and way above the 41.6% recorded in the same weekend last year.

Melbourne’s preliminary clearance rate was 78.3%, up from 73.2% last weekend, and way above the 42.7% recorded in the same weekend last year.

Auction volumes (3,058) were also above the same weekend last year (2,749).

Domain’s auction results were a little softer, but based on a smaller sample size:

 

Leith van Onselen

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