The clearance rate from this weekend’s 560 auctions was 67%, a result that is remarkably consistent with the past few weeks indicating that the market has settled at a new level this winter.
There were a total of 560 auctions reported this weekend with 375 selling and 185 being passed in, 123 of those on a vendors bid.
This weekend last year saw a total of 382 auctions held and clearance rate of 86 per cent achieved, higher than this year but with fewer auctions.
The next 3 weekends have around 550 auctions each weekend with a drop the following weekend, to around 130 at this moment, due to the Federal election.
