According to preliminary figures from RP Data the weighted average clearance rate last week was 68.4 per cent just up slightly on last week.
RP Data housing market specialist said that since the start of the year there has been 42 per cent more homes sold under the hammer compared to this time last year.
This equates to 36,608 homes sold at auction compared to 25,623 last year.
THE continued healthy level of auction listings in a traditionally quieter time of the year, is reflecting the strength of the overall market.
RP Data auction spokesman Robert Larocca said there are 1819 auctions scheduled across Australia this week with 1429 of those expected in capital cities.
Mr Larocca said the healthy level of listings for auctions was a reflection on the state of the broader market.
“Auctions traditionally work well as a sales technique in a market with a high level of competition,’’ he said.
“Due to the strong capital gains reported in the two main auction markets, Sydney and Melbourne this is especially the case in 2014.’’