Real estate markets are driven by a number of factors however the two basic fundamentals of supply ( the number of total properties for sale ) and demand ( the number of buyers active in the marketplace ) play a significant role in establishing market conditions that favour sellers or buyers . In general terms , when supply is low and demand is high , these conditions are favourable for sellers . Conversely , when supply is high and demand is low , these conditions are favourable for buyers . So what are we seeing now ?
New listing authorities ( Australia )
The number of new ‘ Listing Authorities ’ over the month of March has increased by 22.2 per cent compared to March 2020 . This shows there is a steady volume of new stock coming onto the market now .
Total available listings ( Australia )
The volume of sales has recently outpaced new listings creating less ‘ Total available listings ’ for buyers to choose from . Stock levels at the moment are favouring our sellers .