Auction Figures Declining After A Steady Rise
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05 Mar, 2021
Updated: 11 Jul, 2024
Auction volume has dipped this week following an acceleration in the previous weeks. Typically the market peaks before Easter, so it’s no surprise to see this drop-off, but given the current surge in prices, the market might behave differently in 2021.
Fewer homes are scheduled for auction this week. A total of 1,610 auctions are scheduled for auction across the combined capital cities, 35% lower than last week’s volume at 2,473, according to the latest CoreLogic Auction Market Preview for the week ending 7 March 2021.
The largest fall in auction activity has been recorded in Melbourne. In contrast, Sydney only took a slight dip.
| Cities | Last Week | This Week |
|---|---|---|
| Total (all cities) | 2,473 auctions | 1,610 auctions ( – 34.89%) |
| Sydney | 844 auctions | 833 auctions ( – 1.3%) |
| Melbourne | 1,299 auctions | 483 auctions ( – 63%) |
Data source: CoreLogic Auction Market Preview
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