Listings Trends
Whether it be an under or oversupply of stock, trends in this space impact the market directly
March, 2024
The Sydney property market continues to go from strength to strength with values up 0.6% in February, accelerating from 0.2% in January and 7.8% YoY. Similar news with listings, up a massive 174.5% in January vs previous month and a 20.8% increase when compared to the same time last year.
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A positive for buyers is more choice with the caveat that demand is also up, and competitive negotiations are becoming more commonplace. To avoid overpaying and letting the fear of missing out drive your decisions, ensure you have adequate knowledge and the right strategy in place.
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More and more properties are being sold off market and pre auction, meaning your ability to make informed and swift decisions has never been more important. https://www.timeout.com/sydney/news/theres-been-a-big-jump-in-sydney-home-sale-listings-heres-what-that-means-to-those-in-the-market-022924
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March, 2023
With auction clearance rates hovering between 70-80% depending on where you're at in Sydney (strongest since October 2021) and house prices up 0.8% in the four weeks to March 15, the signs are coming thick and fast that a recovery is inevitable with some suggesting it may be here sooner than the pundits would have thought. As with any market cycle, there will always be opportunities to pick up a good deal and now may just be the time to do so before the window slams shut and the trough we've all been waiting for becomes the growth trend we never saw coming. Read on for more...