Property Market Indicator Summary: Week Ending 27th November 2022

This week’s property market indicator summary is now available thanks to Core Logic. Find out the latest updates on Corelogic’s Daily Home Value Index, preliminary auction clearance rates and new listings activity.

There were 2,393 homes taken to auction across the combined capital cities this week – the busiest week since mid-June (2,528). While up 4.1% from the previous week (2,298), the number of homes taken to auction this week was -43.7% lower than this time last year (4,251), when selling conditions were more favourable. Of the 1,824 results collected so far, 61.5% were successful. Last week’s preliminary clearance rate was 1.6 percentage points higher (63.1%), revising down to 60.2% at final figures, while this
time last year, 68.5% of reported auctions were successful.

Source Corelogic.