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Capital city auction activity is set to fall this week, with just shy of 2,000 capital city homes scheduled for auction.

Scheduled auction activity across the combined capitals is expected to hold steady with 1,810 homes set to go to auction this week.

Auction activity is set to rise above 2,000 for the first time this year, with 2,459 capital city homes currently scheduled for auction this week,

There are 1,527 capital city homes currently scheduled for auction this week, up 15.5% from last week (1,322).

Auction activity continues to ramp up with 1,886 capital city homes currently scheduled for auction this week, up 27.3% from last week (1,482).

After holding above the 70% mark for the past two weeks, the combined capital city preliminary auction clearance rate slipped back to 68.8% last week. Despite the slip, last week’s early clearance rate remains slightly above the year-to-date

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Sydney and Melbourne have been the first capital city housing markets to record negative monthly growth rates this year, joined most recently by Hobart in

The preliminary auction clearance rate edged higher last week, rising to 67.4% from 66.6% the week prior (revised lower to 60.8% on final numbers).

The first week of May saw a bounce back in both the volume of auctions and the preliminary clearance rate.  1,643 homes went under the hammer across the combined capitals last week, 567 more auctions relative to the week prior.