For the last couple of months, the media has been saying that the Melbourne property market has been cooling down "etc". I noticed that the REIV in Melbourne as stated that auction clearance rates where at 65% over the weekend. Does this mean the property markets slowing down? Here are some pointers.... 1) Did you know that not all agents report the auction data to REIV? - There are allot of vendors who do not want to disclose the sale / price. 2) When a home does not sell at auction, some times its because the VENDORS want to much for the home... 3) It only takes one buyer to buy a home, so when you hear about less people attending auctions, its not a refection of the market cooling. I know so many people who go auctions just for educational purposes. 4) If the house is priced right, it will sell simply as that.