Auction market runs white hot

Auction clearance rates were universally strong over the weekend despite strong volumes.

The national preliminary clearance rate was 83.3%, down only slightly from the 84.4% recorded the prior weekend. This was off a whopping 2,727 volumes, up from the prior weekend’s 1,986.

Sydney’s preliminary clearance rate remained rock solid at 83.2% versus 82.4% the prior weekend, whereas Melbourne’s was 81.9% versus 87.0% the prior weekend:

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