This week, 2,177 capital city homes went to auction, down on the 2,960 auctions held over the week prior. The lower volumes come about as the nation battles with multiple state lockdowns as uncertainty around COVID cases worsen. The lower week-on-week volumes saw the preliminary auction clearance rate dip, with 73.6% of results reported as sold. Last week’s preliminary clearance rate came in at 77.5%, later revising down to 75.4% at the final collection on Wednesday.
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