Auction markets in capital cities remained tight last weekend due to lockdowns, especially in Melbourne according to CoreLogic's latest market update.
More than 1,900 homes fell under the hammer, more than the previous weekend.
The share of dwellings sold, however, declined slightly to 72.3%.
Strong take-up in Sydney and Adelaide may have slightly offset lower clearance rates in Melbourne.
As the number of homes auctioned in Melbourne increased, the preliminary clearance rate was only 63%, due to the extended lockdown.
Over 50% of homes sold in the city were purchased before the auction date.
CoreLogic analyst Caitlin Fono said Melbourne was on the verge of registering a clearance rate of less than 60% last week.
"Melbourne & # 39; s final approval rate has not fallen below 60.0% since October of last year, so it will be interesting to see how this week plays out at the as the final results are collected, ”Ms. Fono said.
In Sydney, auction volumes remained muted at 562.
Compared to Melbourne, a greater share of buyers in the New South Wales capital have secured housing, with the city's liquidation rate reaching 82.9%.
In smaller markets, Adelaide performed best in terms of auction volume and liquidation rate. It hosted 139 auctions, of which 84.8% were successful.
During the period, the share of buyers who successfully purchased an auctioned unit fell to 61.8%.
In contrast, the liquidation rate of established households remained stable at 75.2%.
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