Throughout March we saw 6,867 ‘ New Listings ’ come onto the market which is a 22 per cent increase compared to the same period last year .
The significant increase in ‘ New Listings ’ has been met with a
74 per cent increase in sales over the month of March . Although the increased number of sales haven ’ t exceeded the number of ‘ New Listings ’ this large volume of sales have been substantial enough to keep the total available listings supply 9.7 per cent lower than the
same period last year . With a total of 15,150 available listings for buyers to choose from , these stock levels continue to favour our sellers .
Chart 1 : Listing authorities
This chart shows that the number of New Listings has increased by 22 per cent compared to this time last year .
Source : Ray White Listings Data
Chart 2 : Total available listings
This chart shows that the total number of available listings for sale are down 9.7 per cent compared to this time last year and down 23 per cent compared to the year before .