10 JUNE EDITION
WHY ARE WE SEEING STRONG RESULTS NOW ?
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 ?
Simply put , we are selling more than we are listing which is creating an undersupply of stock . Combined with sustained levels of unprecedented demand , the property market is firmly favouring those that are looking to sell .
+ 35 %
New listing authorities ( Australia )
The number of new ‘ Listing Authorities ’ over the month of May has increased by 35 per cent compared to May 2020 .
This shows there is a huge volume of new stock coming onto the market now .
-12 %
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 .
Total available listings ( Australia )