Melbourne’s Auction results for the week ending 7th May 2023 (preliminary data from CoreLogic):
- Total Auctions: 732
- Auction Results (via CoreLogic): 587
- Unknown Results: 145
From the 587 known auction results:
- Sold prior auction: 119
- Sold at auction: 323
- Sold after auction: 4
- Passed in: 120
- Withdrawn: 21
Overall (from known results):
- Cleared auctions: 446
- Uncleared auctions: 141
- Clearance rate: 76%
Compared to last week’s results:
Despite the rainy weather, this week’s (week ending 7th May 2023) auction results produced similar results as compared to last week (week ending 30th April 2023). Clearance rate is still higher than 75%, which is a good indication that auction performance is going steady.
Date revised: 09 May 2023