National Auction Market Preview – 31 May 2018

CoreLogic is tracking 2,121 capital city auctions this week, down slightly on last week’s 2,297 auctions held, with weekly volumes remaining relatively steady over past month while the weighted average clearance rate has continued to weaken.  Over the same period one year ago, there was a considerably higher 2,578 auctions held.

As usual, Melbourne and Sydney are the two busiest capital city auction markets this week, with 990 and 791 homes scheduled to go to auction; down from last…