CoreLogic: 2,044 auctions held the highest volume of auctions so far this year
Demand from buyers has kept pace with the pick-up in activity, with the preliminary clearance rate coming in at 75.4%, down slightly from last week (76.2% which revised to 70.3% on final numbers), said CoreLogic research director, Tim Lawless.
CoreLogic Auctions | it looks like the year has started with a much better fit between buyer and seller pricing expectations
The Corelogic preliminary auction results and weekend market summary for 11 February 2024 revealed the capital city clearance rate rose to 76.2%, the highest preliminary clearance rate since the first week of June last year, said CoreLogic research director, Tim Lawless.
Auction market off to a strong start after 2023’s ‘year of two halves’
CoreLogic tracked 1,671 auctions last week, the second busiest start to the auction season on record. The preliminary clearance rate came in at 73.9%, which was the highest since the week ending August 20 last year and a clear jump on the end of 2023 which saw final clearance rates end sub-60%....
CoreLogic’s national Home Value Index (HVI) rose 8.1% in 2023, a significant turnaround from the -4.9% drop seen in 2022, but well below the 24.5% surge recorded in 2021.
