JANUARY EDITION
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Supply Over the past 28 days , we can see the usual decline of new property listings hitting the market over the Christmas holiday period . The trend this year is similar to the previous two years however slightly exacerbated seeing a 4.7 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
15,667 properties for buyers to choose from which is 1.5 per cent less than this time last year and a considerable 25.4 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 4.7 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
2018-19 2019-20 2020-21 Source : Ray White Listings Data
Chart 2 : Total available listings
This chart sown that the total number of available listings for sale are down 1.5 per cent compared to this time last year and down 25.4 per cent compared to the year before .
# Listings OTM
30k 25k 20k 15k 10k 5k
Jul Aug Sep Oct Nov Dec Jan
2018-19 2019-20 2020-21 Source : Ray White Listings Data