MAY EDITION
11
Supply
Throughout April we saw 6,867 ‘ New Listings ’ come onto the market which is a 22 per cent increase compared to the same period last year .
The significant increase in ‘ New Listings ’ has been met with a
115 per cent increase in sales over the month of April . Although the increased number of sales have exceeded the number of ‘ New Listings ’, this large volume of sales have been substantial enough to keep the total available listings supply 9.9 per cent lower than the same period last year . With a total of 15,040 available listings for buyers to choose from , these stock levels continue to favour our sellers .
Chart 1 : Listing authorities
This chart shows that the number of New Listings has increased by 22 per cent compared to this time last year .
# Listing Authorities / 28 days
12k 10k 8k 6k 4k 2k
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
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 9.9 per cent compared to this time last year and down 28.7 per cent compared to 2019 .
# Listings OTM
55k 50k 45k 40k 35k 30k 25k 20k 15k 10k 5k
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Source : Ray White Listings Data
2018-19 2019-20 2020-21