CoreLogic’s preliminary report on the weekend’s auctions reported a lower clearance rate on another big weekend of volumes.
The national preliminary clearance rate fell to 75.7% from 78.2% the prior weekend. This was off 2,930 auctions, up slightly from the prior weekend’s 2,845.
Sydney continued its strong run recording a preliminary clearance rate of 81.0% off 1,177 auctions, up from the prior weekend’s 80.0% preliminary clearance rate off 1,111 auctions.
