10
JANUARY EDITION
WHY ARE WE ARE 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 ?
-4.7%
New listing authorities
New listing authorities over the past 28 days are down by 4.7 per cent compared to this time last year . This clearly shows less new listings came to the market over the holiday period . This is favourable for those looking to sell now .
-1.5 %
The total available supply of properties for sale is down by 1.5 per cent . A clear sign that buyers are competing over less properties .
Total available listings