Clearance Rates Improves As Fewer Homes Withdrawn From Market And Volumes Trend Lower

The combined capital city preliminary clearance rate improved across a lower volume of auctions this week. There were 1,162 homes taken to auction returning a preliminarily success rate of 65.3% coming in higher than last week’s preliminary results of 59.2%, which later revised down to 54.1%. One year ago, 1,108 capital city homes were taken to auction over the same week, returning a final auction clearance rate of 66.4%.

There were 351 Melbourne homes scheduled for auction…