The metro Melbourne market produced a healthy auction clearance rate of 73.8 per cent despite the high listing numbers for June, well ahead of the 67.9 per cent recorded over the same weekend last year.

Melbourne achieved robust clearance rates even with unprecedented numbers of auctions conducted at this time of the year. Last weekend 856 homes went under the hammer which was well above the 777 auctioned over the same weekend a year ago.

Relatively high auction numbers will continue to test the market through June with 778 homes scheduled to go under the hammer this weekend, again, ahead of last year’s 714.

Melbourne is on track to break the record for the most number of auctions held in June.

The most popular region for auction listings is the inner east with 130, followed by the inner city with 124, the inner south with 119, the west with 114, the north east 102, and the outer east with 87.

The most popular suburb for auction listings is Richmond with 17. Next highest are Glen iris and Hawthorn each with 13 auctions, followed by Camberwell, Preston and South each with 12, and Brighton with 11.

Melbourne’s auction market has produced solid results over the past 7 weekends since the Anzac Day break, with clearance rates averaging 73.5 per cent.

The city remains on track for a resilient housing market performance over the usually quieter winter selling season. This will be enhanced by the local economy which has shown recent signs of improvement.

The Australian Bureau of Statistics data show there were 23,700 jobs created over May in Melbourne, which translates to a total increase of 51,000 this year. The city’s unemployment rate is also improving with rates falling from a peak of 7.3 per cent in March to 6.1 per cent.

Strong population growth will also be a driver of housing market activity with ABS data showing that Victoria’s population surged by 1.9 per cent or 107,900 over 2013 - the highest growth rate of all the states except Western Australia.

Dr Andrew Wilson is Senior Economist for the Domain Group Twitter@DocAndrewWilson