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It comes down to how long of a data series you look at, and obviously how you interpret that data series. For reference I was referring to Sydney as that's the clearance rate you originally quoted plus the area I'm interested in. In my opinion we went from a period of 80+% clearance rates...

Looks like last weeks APM Clearance rate has been dropped to 74% from 79% as expected. Their clearance rate this weekend is published as 74%, have to wait and see if that drops too. Looking at the clearance rates they are stable-dropping. Which would suggest the market is easing.

I believe last week was a 79% headline clearance rate too before being revised down to 75% once more sales information came in. Clearance rates are down from the start of the year. There was a big dip in clearance rates in April with all the low volume weekends/all the public holidays. So...