In this months edition of Ray White Now, Dan White discusses the change of listing numbers, steady auction activity and increased buyer competition. Dan White states “What is not confusing is the auction data at the moment. We are currently experiencing very high auction bidder numbers and clearance rates right across our network.”
Nerida Conisbee, Chief Economist of the Ray White Group points out the ongoing issues of interest rates, construction delays and stock shortages remain the same. Nerida also stated ” Although price growth has started, we’re yet to see a pick up in properties for sale. Ideally we’ll start to see more sellers enter the market over coming months”
You’ll also find out where homes are selling quick as the market recovers on page 6.
If you’re thinking of selling, then turn to page 11 where Bianca Denham discusses listing numbers, “Overall we’re sitting at approximately 17 per cent fewer new listings compared to the same period last year., Buyers are expressing a frustration around availability of suitable properties; this could create a fantastic opportunity for anyone thinking of coming to market in the current climate.”