Sunday, September 25, 2011

Clearance Rate Calculations

Housing market resilient but prices softening
At the weekend 512 properties were listed for auction in Sydney, compared with 463 the previous weekend. Of the 361 reported auctions, 242 were sold for a clearance rate of 58.6 per cent. This is marginally higher than the previous weekend's 57.4 per cent result.

242 out of 361 is 67% and 242 out of 512 is 47% . . . Can anyone tell me where 58.6% comes into this calculation?

Eh, I'm going to keep ignoring clearance rates.

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