The week ending 17th July delivered a clearance rate of 92% at auctions across Victoria, according to REIV data.
There were 522 auctions reported for the period, a substantial decrease on the 960 reported for the previous week. At the same time last year, there were 251 auctions reported with a clearance rate of 80%.
315 homes sold at auctions and 163 sold before auction, with 43 passed in.
With the snap lockdown announced last Thursday forcing live auctions and property inspections to be cancelled, 291 auctions were postponed and another 149 properties were withdrawn from sale.
A number of auctions were brought forward last Thursday in order to sidestep the restrictions that came into effect at 11:59PM.
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