Auction Clearance Rates Week Ending February 19, 2012
Capital city auction markets saw their volumes increase further last week with 1,268 auctions. Across the combined capital cities, auction clearance rates fell from 48.6% the previous week to 47.9% last week. In Melbourne, the clearance rate was recorded at 53.6% last week across 597 auctions, with the clearance rate increasing from 57.4% the previous week. Sydney’s auction clearance rate was recorded at 47.4% last week across 435 auctions with the clearance remaining unchanged from the previous week.
Agent Advice Team