Clearance rates rebound despite higher volumes in Australia

According to The Australian Financial Review, auction volumes jumped 4.4 per cent to 2266 nationwide this week – the biggest auction weekend since late June, as vendors rushed to sell ahead of the Christmas holiday period, data from CoreLogic shows.
Melbourne hosted the busiest auction market last week with 981 auctions, up by 4.6 per cent from a week ago, although still 59.2 per cent lower than the same time last year.
Of the collected results, 65.5 per cent were successful, up by 3.2 percentage points from last week.
Sydney’s clearance rate also rebounded to 67.5 per cent from a week ago amid early signs of confidence slowly returning into the market.

https://www.afr.com/property/residential/clearance-rates-rebound-despite-higher-volumes-20221120-p5bzp6
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