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Home sales pick up but below a year ago

The past week has been the busiest for auctions since June but the clearance rate was down on a year ago, and prices were flat across the key capital cities with Sydney's values actually falling.

The auction clearance rate nationally reached 70.3 per cent in the week to September 17, up from 66.9 per cent the prior week, but that compared to a clearance rate of 76.2 in the same week last year when slightly fewer properties went under the hammer preliminary, figures from property data group Corelogic show.

Combined price growth across the five capital cities was flat compared to the previous week, and up just 0.2 per cent over the month, but Sydney values fell 0.2 per cent compared to the week before.

Topics: Values / Prices

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