CoreLogic’s preliminary report on the weekend’s auctions reported a softening clearance rate on the second biggest auction volumes of the year.
The national preliminary clearance rate fell to 78.6% from 80.4% the prior weekend. This was off a whopping 3,033 auctions, up from the prior weekend’s 2,876.
Houses continue to outperform units, with 80.9% of houses recording a sold result so far this week, compared to 71.1% of units.
