With a record number of auctions this weekend, the clearance rate fell to 68%, the lowest in some time.
There were 942 auctions that took place with this weekend of which 638 sold and 304 passed in.
There is a noticeable pull back of results $1,000,000 plus.
Auctions we attended this weekend were overall very quiet, like 471 Canning Street, Carlton North which attracted a large crowd, but no bids and passed in at $1,950,000.
Auction numbers will continue to be high over the next few weekends with 880 expected next weekend.