Housing auction clearance rates stayed at relatively high levels last week, but in the bellwether market of Sydney the rate of sales is not keeping with the volume of property coming onto the market.

In the week to Sunday, 72.3 per cent of homes going under the hammer were sold, a relatively high clearance rate despite being down from the extraordinarily high 77.3 per cent recorded in the corresponding week of 2015. Prices held their ground as well, inching up by 0.1 per cent…