By Cameron Kusher (source: realestate.com.au)
Demand for housing continues to outpace supply in April listing volumes on realestate.com.au
This new monthly report analysing new and active listings on realestate.com.au to provide the most up-to-date view on property market supply and demand trends.
“Active listing volumes continue to drift lower highlighting strong demand. With demand at heightened levels, residual stock for sale continues to be sold, reducing the active supply.
“This demonstrates that despite rising prices and some steam coming out of the market, we are still seeing strong buyer activity.
“While new national listings fell -6.9 per cent over the month of April compared to March, it was still the second-highest number of monthly new listings since October 2019.
“I expect property prices will continue to rise, however, with a better balance between demand and supply it’s reasonable to anticipate that the rate of price growth will slow over the coming months,” concluded Cameron.
Click below to read the full report:
https://cdn.rea-group.com/wp-content/uploads/2021/05/19212238/REAInsightsListingsReportMay2021.pdf