Moonee Valley's robust auction market looks set to end the year softer, with the clearance rate tracking at 55% from the weekend.
The consistently high auction volumes throughout spring and the start of summer saw supply start to meet buyer demand, lowering clearance rates.
Moonee Valley's auction clearance rate improved slightly over the weekend from the previous weekend's 60%. Melbourne also saw it's clearance rate continue in the 60's as it maintain's it 68% again. #Melbre#Auctionresults#Clearancerate
As with the weather, Moonee Valley auction market looks to have cooled down, as clearance rates performed at 60%. Since November, we have seen clearance rates weaken amongst rising stock levels in Moonee Valley.