The preliminary data from Domain shows that the number of listings are down, though clearance rates are still quite high. Nationally, 721 properties were sold, compared with 1,286 last week and 1,043 a year ago. Looks like momentum is indeed easing.
This equates to a 74.3% clearance compared with 73.9% last week and 66.8% a year ago. Sydney achieved 265, at 73.6% compared with 539 at 75.3% last week, and Melbourne sold 721, compared with 1,286 last week, at 78.7% this week and 76.1% last week.
Brisbane cleared 55% of 69 listings, Adelaide 62% of 74 listings and Canberra 55% of 36 listed.
