Super Saturday Clearance Rates Remain High As The Number Of Auctions Surge

Auction markets are passing the test of higher volumes with strong results, with volumes reaching  similar levels to those seen around the end of last year over the seasonal hype pre slowdown period when clearance rates were tracking around the mid 60% to low 70% range.

There were 2,933 capital city homes taken to auction this week, returning a preliminary auction clearance rate of 77.1%. This week’s volumes are higher than last week’s 2,517 auctions held, which returned an…