Melbourne’s Auction results for the week ending 14th May 2023 (preliminary data from CoreLogic):
- Total Auctions: 728
- Auction Results (via CoreLogic): 618
- Unknown Results: 110
From the 618 known auction results:
- Sold prior auction: 116
- Sold at auction: 342
- Sold after auction: 10
- Passed in: 119
- Withdrawn: 31
Overall (from known results):
- Cleared auctions: 468
- Uncleared auctions: 150
- Clearance rate: 75.7%
Compared to last week’s results:
This week’s (week ending 14th May 2023) auction results produced similar results as compared to last week (week ending 7th May 2023). Clearance rate is still higher than 75%, which is a good indication that auction performance is going steady. This week’s data is slightly more accurate from the higher number of known results.
Date revised: 16 May 2023