CoreLogic has released the final auction clearance rate for last weekend, which rebounded to 59.3% versus 56.2% last week off solid volumes:
According to CoreLogic:
Last week, the combined capital city final auction clearance rate increased to 59.3%, after the week prior saw the final clearance rate fall to 56.2%. Last week’s improved clearance rate was across a higher volume of auctions (1,181), which was the busiest week we’ve seen since Mid-April. While clearance rates and volumes have seen some improvement over the last few weeks, volumes are still tracking lower year-on-year with 1,505 homes taken to auction over the same week last year when 61.8% cleared.
