Victorian Property Market Wrap: January 2024 Auction Results and Buyer Sentiment
January was a quiet reset for Melbourne auctions, with low holiday-period volumes making weekly results more useful than sweeping market conclusions.
January was a quiet reset for Melbourne auctions, with low holiday-period volumes making weekly results more useful than sweeping market conclusions.
December 2023 saw Melbourne auction activity taper toward the holiday period, with early-month results showing softer clearance rates than the stronger winter and early spring run.
November 2023 brought more auction stock to Melbourne, with clearance rates easing as buyers gained choice but remained more active than in the softer parts of 2022.
October 2023 gave Melbourne a lift in auction volumes and a more balanced spring market, with clearance rates holding above 60 percent.
September 2023 brought more auction choice to Melbourne, with clearance rates easing but remaining stronger than the prior year.
July 2023 kept Melbourne’s auction market above the softer conditions seen a year earlier, with buyers still competing for quality homes despite rate sensitivity.
Melbourne’s June auction market showed winter did not remove buyer competition, with clearance rates remaining stronger than the same period in 2022 despite lower listing volumes.