Weekend Auction Markets Experience Listing Surge
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Weekend Auction Markets Experience Listing Surge

The national clearance rate fell to its lowest figure since August.

By Kanebridge News
Mon, Nov 15, 2021 10:18amGrey Clock 2 min

The high and rising volumes of late spring listings have forced the national clearance rate to 78.6% — the lowest result since August – and well below the previous weekend’s 83.8%.

National auction numbers were up to 2572 from the previous weekend’s 2463 and well ahead of the 1413 auctioned over the same weekend last year.

Auction listings have now increased nationally over the past seven weekends as the usually busy spring selling season has been amplified by the loosening of covid restrictions in Sydney, Melbourne and Canberra.

Sydney saw the market steady with a clearance rate of 77.8% at the weekend. The result was similar to the previous weekend’s 76.1% but again lower than the 78.4% recorded over the same weekend last year.

A total of 988 homes were listed for auction on Saturday – similar to the previous weekend’s 994 but again well ahead of the 760 auctioned over the same weekend last year.

Sydney recorded a median price of $1,780,000 for houses sold at auction at the weekend compared to the $1,777,500 reported over the previous Saturday but 22.8% higher than the $1,450,000 recorded over the same weekend last year.

Melbourne fared similarly to Sydney with a clearance rate of 77.7% — up on the previous weekend’s 76.5% and also higher than the 73.8% recorded over the same weekend last year.

The higher clearance rate was reported despite a surge in listings with 1206 homes listed for auction at the weekend – well above the 1095 reported over the previous weekend and significantly higher than the 494 auctioned over the same weekend last year.

Melbourne recorded a median price of $1,080,000 for houses sold at auction at the weekend which was higher than the $1,065,000 recorded over the previous weekend and 13.7% higher than the $950,025 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson, My Housing Market.


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1. Interiors beyond the primary palette 

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3. Abigail Ahern Masterclass

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4. Interiors Now!

Looking for a visual crash course in international design trends with longevity? This is the book for you. Featuring homes across the globe, from New York to Auckland via Avignon, the biggest dilemma for readers is settling on a style. Many of the projects are owned by designers and creatives, lending a dynamic edge to this tome, now in its 40th year. Taschen, $50

5. Home by the Sea 

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