Decrease across the two biggest markets, but auction volumes remain above 2,000

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Auction volumes have taken a step back this week but still remain at a healthy number, with more than 2,100 homes set to go under the hammer.

According to CoreLogic RP Data, there are 2,167 scheduled auctions this week compared to 2,512 last week.

Despite the high volumes last week, the national clearance rate did lift, coming in at 76.9% last week up from the 74.6% recorded in the previous week.

This week Sydney is set to be the busiest capital city, with a national high of 952 auctions scheduled.

That figure is down on the 1,065 scheduled last week, but there are good signs for the city after its clearance rate rose last week from 76% up to 78.3%.

Traditionally the country’s biggest auction market, Melbourne this week comes in behind Sydney with only 916 auctions scheduled.

The Victorian capital has seen a drop in volumes similar to Sydney’s, after 1,085 auctions were scheduled for last week.

Melbourne’s clearance rate remained steady last week, coming in at 78.5%.

Brisbane will be the country’s next biggest market this week with 129 homes up for sale, down from 146 last week.

Adelaide and Perth have both experienced an increase this week; Adelaide up to 85 from 76 last week and Perth up to 31 from 28.

Canberra is set to hold 48 auctions, while there are six set down for Tasmania.

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