Domain have released their preliminary auction clearance results and the weakness in the stats continues, both in terms of volumes and clearance rates. The final results will settle lower still. They are way down on last years.
There is also a larger drop between those listed for auction compared with those auctioned.
In Canberra, 58 were listed for auction and 36 sold. In Brisbane 107 were listed and 27 sold. In Adelaide 68 were listed and 29 sold.
You can watch our recent video blog where we discussed how the auction results are calculated and how reliable they may be, especially in a falling market.
