An auction clearance rate is a metric used in real estate to assess the success or "clearance" of properties sold at auction within a given time frame. In comparison to the total number of properties posted for sale during that time, it shows what proportion of properties are successfully sold at auction.  The auction clearing rate is typically used as a gauge of consumer demand and market mood in a specific region or market segment. It offers information on the level of buyer interest and the general health of the auction market.