CoreLogic has released the final auction clearance rate for last weekend, which has rebounded to 62.7%; albeit off volumes that are less than a third of last year’s levels:
According to CoreLogic:
The final weighted average clearance rate came in at 62.7% last week, surpassing the previous week’s 60.4% as the highest result since the week ending 15 March. While clearance rates have bounced back to almost pre-restriction levels, volumes remain significantly lower than what we would usually see. There were 612 auctions scheduled last week, higher than the week prior when 417 auctions were held, however, much lower than the 2,055 held over the same week last year.
