FEBRUARY EDITION
11
Supply Throughout January , typically listing numbers increase throughout the month . Over the past 28 days , we can see the usual increase of new property listings hitting the market however there is a 2.3 per cent decline in listings authorities compared to the same time last year .
The decline in new listing authorities has impacted the ‘ Total Available Listings ’ that are currently on the market for sale . There are currently 15,672 properties for buyers to choose from which is 6.3 per cent less than this time last year and a considerable 27.8 per cent less than the year prior ( refer to Chart 2 ).
Chart 1 : Listing authorities
This chart shows that the number of new listings is down by 2.3 per cent compared to this time last year .
# Listing Authorities / 28 days
8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
Jul Aug Sep Oct Nov Dec Jan Feb
2018-19 2019-20 2020-21 Source : Ray White Listings Data
Chart 2 : Total available listings
This chart shows that the total number of available listings for sale are down 6.3 per cent compared to this time last year and down 27.8 per cent compared to the year before .
# Listings OTM
30k 25k 20k 15k 10k 5k
Jul Aug Sep Oct Nov Dec Jan Feb
2018-19 2019-20 2020-21 Source : Ray White Listings Data