CoreLogic has released the final auction clearance rate for last weekend, which retraced to 62.7%; albeit off volumes that are around half of last year’s levels:
According to CoreLogic:
The capital city final auction clearance rate came in at 61.3% last week, slightly lower than the week prior when 62.7% of properties sold at auction. The lower clearance rate was across a higher volume of auctions with 856 held, up on the 612 held over the week prior. Of the 738 results collected, 12% were withdrawn which was much lower than the 50% seen a few weeks ago. 37.2% of sold results this week reportedly sold prior to the scheduled auction date, well below the results from early April when more than 80% of successful auctions were sold before the event.
