CoreLogic’s preliminary report on the weekend’s auctions reported a slightly lower clearance rate on another big weekend of high volumes.
The national preliminary clearance rate fell to 78.2% from 79.0% the prior weekend. This was off 2,845 auctions, down slightly from the prior weekend’s 2892 (which was the third biggest weekend of auctions in 2021).
Sydney continued its strong run recording a preliminary clearance rate of 80.0% off 1,111 auctions, down from the prior weekend’s 81.6% preliminary clearance rate off 1,149 auctions.
