The preliminary data from APM PriceFinder suggests another strong set of results, with strong clearance rates, on higher listings (though volume was down compared with this time last year). Melbourne cleared 78.4% compared with 77% last week, and 73.2% last year. Nationally, the clearance rate was 76.8% compared with 74.9% last week, on 1,613 listings compared with 1,448 last week. The same week last year cleared 70% from 2,129 properties.
In Brisbane, 54% of the 110 listings sold, whilst in Adelaide, 77% of the 46 listings cleared and in Canberra, 78% of the 44 listings sold. Sydney cleared 77.1% of 567 properties, compared with 77% of 537 last week and 69.3% of 847 properties a year ago. Further confirmation there is still momentum in the market.
