THE auction market is showing improvement despite it being a traditionally slow time of the year.

According to RP Data auction spokesman Robert Larocca national auction clearance rates hit a three month high last week.

Mr Larocca says there are 1900 auctions scheduled across Australia this week with 1531 of those expected in capital cities. This is a higher number than the same time last year.

Mr Larocca says all indicators show that auction listings are expected to lift by 10 to 20 per cent in the next two months when compared with the same time last year.

This week Melbourne has the highest number of auction listings with 665 properties scheduled to go under the hammer.

News source: www.news.com.au