Expert insightsInvestingClearance rates at commercial auctions up for week ending August 5: CoreLogic RP Data
Clearance rates at commercial auctions up for week ending August 5: CoreLogic RP Data
Clearance rate for commercial auctions improved for the week ending August 5 from the previous week, according to the latest Commercial Market update from CoreLogic RP Data.
Preliminary results show an improving clearance rate over the week ending August 5, at 63.4 percent across 41 results, compared to the previous week when 58.6 percent of the 58 auctions were sold.
Over the corresponding week last year, 67.9 percent of the 84 auctions were sold. There were 167 reported auctions over the past four weeks, with 97 successful results. Of these 97 sales, 77 have been reported with a sale price, totalling approximately $207.93 million.
The table below indicates National Auction Clearance Rate figures.
