A snapshot of Melbourne’s Auction results for the week ending 1st October 2023 (from CoreLogic’s preliminary data obtained 6th October 2023):
- Total Auctions: 203
- Auction Results: 203
- Unknown Results: 0
From the 203 known auction results:
- Sold prior auction: 40
- Sold at auction: 85
- Sold after auction: 10
- Passed in: 48
- Withdrawn: 20
Overall (from known results):
- Cleared auctions: 135
- Uncleared auctions: 68
- Clearance rate: 66.5%
Compared to last week’s preliminary results:
Total number of auctions has dropped to ~200 this week (week ending 1st October 2023). This was expected considering the long weekend for Grand Final AFL. We expect auction numbers to return back ~1000 next week. In terms of performance, better results are produced as compare to last week (week ending 24th September 2023). The clearance rate for this week currently sits at 66.5%.
The preliminary data snapshots gives a good indication of the overall auction performance for the week. For the full auction data visit Corelogic.
Date revised: 06 October 2023