Will the Domain share price follow auction clearance rates higher?
Auction clearance rates are on the up and that could be good news for Domain Holdings Australia Ltd (ASX: DHG). I’ll be watching the Domain share price this week after a recent article in the Australian Financial Review (AFR) on rising clearance rates in Melbourne.
Why the Domain share price could climb
According to the AFR, Melbourne’s clearance rate rose to 73% on the weekend despite tough industry conditions.
It’s worth noting that these numbers were based on low volumes. Data collected by…