Ray White Now - July 2024 | Page 9

LISTINGS ACTIVITY
Updated results for May have shown listing numbers trending upwards , outpacing results seen in 2023 and 2022 . However , our preliminary June data indicates strong declines which are likely to be further spurred on by recent inflation results , reigniting discussion surrounding an increase in interest rates for this year .
This changing sentiment anticipates a further dampening effect on listing levels as both buyers and sellers adopt a “ wait and see ” approach . This cautious stance is particularly pronounced given the robust price growth observed across the country .
Movement of new listings across the country
Number of new monthly listings - Australia
2022 2023 2024
60,000
50,000
40,000
30,000
20,000
10,000
Jan 2024
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Listings from whole market including Ray White Source : Ray White