Melbourne Auction Results – Week Ending 21st May 2023

Melbourne’s Auction results for the week ending 21st May 2023 (preliminary data from CoreLogic):

  • Total Auctions: 834
  • Auction Results (via CoreLogic): 696
  • Unknown Results: 138

From the 696 known auction results:

  • Sold prior auction: 149
  • Sold at auction: 363
  • Sold after auction: 6
  • Passed in: 147
  • Withdrawn: 31

Overall (from known results):

  • Cleared auctions: 518
  • Uncleared auctions: 178
  • Clearance rate: 74.4%

Compared to last week’s results:

The total number of auctions held this week (week ending 21st May 2023) jumped as compared to last week (week ending 7th May 2023), with a difference of at least 100 scheduled auctions. Despite the overall boost in numbers, auction results showed similar results as last week, with this week’s clearance rate sitting just under 75%. In simple terms, 3 out of 4 properties going for auction this week was successfully sold either prior, on, or after the auction date.

Date revised: 23 May 2023

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