CoreLogic's final auction numbers from last week show that Melbourne's clearance rate fell below 70 per cent to 69.2 per cent, the city's weakest result since July 2016.

Sydney's clearance rate fell to 58.5 per cent, down from 59.8 per cent the previous week.

Jock Langley of Abercromby's Armadale in inner Melbourne told SCHWARTZWILLIAMS, the market he services is still "pretty strong".

He said in some areas in Melbourne might be seeing "less action" because there is a "smaller buyer pool", but Abercromby's Armadale's clearance rates have been "as good as you could ask for".

Source: CoreLogic.

Langley said over the next few weeks the market will slow down considerably as we head into the holiday season, but he expects to pick up strongly again in the new year.

Dale Edgcumbe of RT Edgar Boroondara said to SCHWARTZWILLIAMS that he is still seeing multiple bidders at Melbourne's eastern suburbs auctions and he would be "hesitant" to say the market is softening.

Edgcumbe said the lower clearance rate could be the result of some vendors placing reserves too high because the market "has been so strong".

"Good property will always sell for a good price," he said.

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