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Capital City Auctions Update

There were 2,074 capital city homes taken to auction last week, a slight decrease from 2,276 the previous week but higher than the 1,791 auctions held this time last year, CoreLogic reported.

The preliminary clearance rate stood at 72.4%, marginally lower than the previous week’s rate of 72.9%, which was revised down to 65.5% once finalized.

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