Sellers steer clear of Grand Final day: RP Data's weekend auction preview

There are 72 auctions scheduled this week in Melbourne compared to 92 for the same time last year.

Auction numbers are low this week due to the AFL Grand Final.

Conditions in the private sale market are becoming more competitive with homes taking fewer days to sell and a lower vendor discount.

Recent data shows that all of the top 10 suburbs when ranked by time on market are in the eastern suburbs. Rowville had the lowest number of days on market followed by Blackburn North, Croydon, Wantirna South and Vermont South.

On a city wide basis the time on market results for houses sold at private sale fell from 44 days to 41 days over the last week whilst vendor discounting fell from -5.4 per cent to -5.2 per cent.

Key data

• Clearance rate week ending 28 September:72.1%
• Melbourne auctions expected week ending 28 September: 72
• Melbourne private sales time on market week ending 21 September: 41 days (houses)
• Melbourne vendor discounting market week ending 21 September: -5.2% (houses)
• Listings being prepared for market are 2% higher in month ending 21 September (seasonally adjusted)