Melbourne homebuyers could be in control of the auction market within a week

A busy autumn with auction numbers well up on last year has left Melbourne’s property market almost perfectly in balance between buyers and sellers.

But it’s possible buyers could be in control as soon as next week.

The number of homes going under the hammer and broader listings are both up on last year, giving house hunters more choice — and the state’s clearance rate has slid from a 70 per cent average in February to a 66 per cent average over the past four weeks.