1,122 Capital City Homes Taken to Auction

Capital city auction activity ramped up after the seasonal slowdown, with 1,122 homes taken to auction this week, with volumes almost doubling on last week’s 625 auctions held. The higher volumes over the week returned a preliminary auction clearance rate just short of 70%. As the remaining results are collected the final clearance rate is expected to revise lower, however it’s likely to come in higher than last weeks’ final clearance rate of 61%.