Preliminary Results Show 59.1% of Capital City Homes Sell as Volumes Increase

This week saw auction volumes increase across the combined capital cities, with 1,907 homes taken to market returning a preliminary clearance rate of 59.1 per cent.  While the preliminary clearance rate shows a week-on-week improvement, it’s likely that as final results are collected the weighted average will fall to remain within the low-mid 50 per cent range where it has been tracking for some time now. Last week, a slightly lower 1,748 auctions were held and a final clearance rate of…