Auction Clearance Rates - Sold to Listed - May 28th 2022

Please note the following is based off preliminary numbers and is subject to significant changes once unreported auctions are chased up.

It should be taken as an extremely rough and preliminary indicator, before other data sources fill in the blank later next week.

For those wanting more accurate data with the missing pieces filled in, that is posted here by the great team at SQM Research on Tuesdays.

Auction Action Summary

Not a whole lot to write home about this week, another week of relative weakness for Australia’s two largest auction markets consistent with falling prices.

As of yesterday Sydney was down 0.83% for May so far, with Melbourne down 0.53%.

Q&A

Why are these numbers different to those provided by Corelogic or Domain?

This data is based upon the percentage of scheduled auctions that resulted in a sale of the property as of the time of the initial reporting by agents on Saturday evening.

The data from Corelogic and Domain is based upon the number of successful auctions divided by the number of auctions reported by agents and other property industry figures.

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