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The latest CoreLogic data shows that auction volumes have decreased across the combined capital cities this week, with only 2,089 homes taken to auction.
Auction volumes were down but did return an auction clearance rate of 60.3 per cent, which is up from the 58.2 per cent clearance rate the week prior, according to the latest CoreLogic Property Market Indicator.
In the same week last year, auction volumes were significantly higher, with 2,824 homes going under the hammer, returning a clearance rate of 73.1 per cent.
Individually, it was a slower week for new listings, with Perth and Canberra being the only capitals to have more new listings, at 1.3 per cent and 6.9 per cent, respectively.
All other cities experienced a decrease, with the largest drop occurring in Darwin at a -31.0 per cent decrease and in Sydney at -10.6 per cent.
Brisbane fell by 6.8 per cent, Melbourne by 4.9 per cent, Adelaide by 7.2 per cent and Hobart by 4.4 per cent.
Home values in the marketplace remained unchanged in the week, with most capitals remaining unchanged and only Melbourne experiencing a 0.2 per cent drop.
Adelaide bucked the trend and managed to have a 0.1 per cent rise but is still down at this time last year.
Houses remained slightly more popular than units, with the median time on market remaining steady, although Hobart, Canberra and Melbourne yet again were the top performers at 28 days, 28 days and 31 days, respectively.
In Melbourne, units were also on the market for 31 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 61 days, 90 days and 74 days, respectively.
In Darwin and Sydney, houses performed worse than units, with the average time on market for Darwin houses being 90 compared to 55 days for units; in Sydney, the house average was 40 days while units averaged 38 days.
Vendor discounting across most capital cities was between 3.2 per cent and 7.6 per cent for houses and between 2.4 per cent and 7.8 per cent for units.
Hobart and Canberra were the low-end exceptions for houses, at 3.2 per cent and 3.8 per cent, respectively, and Hobart was also the low-end exception for units at 2.4 per cent.
Perth was the high-end exception for units and houses at 6.7 per cent and 7.6 per cent, respectively.
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