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Nationwide clearance rates increased to 63.5 per cent after the lowest rate of the year the week prior at 60.3 per cent, according to new CoreLogic data.
Despite the increase, the trend in auction clearance rates shows a clearly downward trend, according to the latest CoreLogic Property Market Indicator.
The higher clearance rate could be attributed to the lower auction volume of 2,280 auctions, compared to the week prior with 2,577 auctions.
Individually, it was a slower week for new listings, with the biggest increase in Darwin and Melbourne at 14.0 per cent and 4.1 per cent, respectively.
Most of the remaining cities experienced a decrease in new listings, with Hobart having a -12.0 per cent drop and Canberra a -8.6 per cent drop.
Perth fell by 5.7 per cent, Brisbane by 1.6 per cent, Sydney by 1.1 per cent, but Adelaide had a 1.5 per cent increase.
Home values in the marketplace remain mostly unchanged with a -0.1 per cent dip in the week, with Melbourne and Sydney both experiencing the dip.
Brisbane, Adelaide and Perth all remained flat with 0 per cent change recorded.
Houses remained slightly more popular than units, with the median time on market increasing, although Hobart, Canberra and Melbourne yet again were the top performers at 29 days, 30 days and 32 days, respectively.
In Melbourne, units were also on the market for 32 days, making it the only capital city with the same average time on markets.
The worst performers for houses were Brisbane, Darwin and Perth at 60 days, 88 days and 72 days, respectively.
In Darwin and Sydney, houses performed worse than units, with the average time on market for Darwin houses being 88 compared to 60 days for units; and in Sydney, the house average was 40 days and the unit average was 28 days.
Vendor discounting across most capital cities was between 3.9 per cent and 7.3 per cent for houses and between 4.4 per cent and 8.8 per cent for units.
Hobart and Canberra were the low-end exceptions for houses, at 3.9 per cent and 3.6 per cent, respectively, and Melbourne was the low-end exception for units at 4.4 per cent.
Perth was the high-end exception for both units and houses at 7.3 per cent and 7.8 per cent, respectively.
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