This week, the combined capital preliminary auction clearance rate increased to 54.8%, the highest early clearance percentage in seven weeks, following three weeks of staying below 50%. With last week’s preliminary clearance rate of 49.8% being revised down to 46.0%, the increase is off a low base.
An 8.7% decrease in volume coincided with an increase in the early clearance rate.
Over the course of the week, 1,318 auctions took place, which is 8.0% fewer than the same week the previous year.
