Anyone else seeing a drop in listings?

Discussion in 'Property Market Economics' started by hammer, 7th Jul, 2020.

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  1. hammer

    hammer Well-Known Member

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    Darwin listings are down 30 percent.

    Which is a lot....especially considering the basket case that is our economy up here.

    I have a hunch that people just aren't delisting due to covid...but it's just that...a hunch.

    What about the rest of the country? Anyone noticed a decrease in the listed housing stock?
     
    hammer, 7th Jul, 2020
    #1
  2. Westie

    Westie Well-Known Member

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    I keep a close eye on the SW parts of Melbourne, I don't see a marked decrease in listing. A mate of mine works at a leading RE agency in Laverton, he's told me today his clients are still listing with the usual fluctuation, he hasn't seen any alarm just yet but there maybe some towards the end of the year.
     
    Westie, 7th Jul, 2020
    #2
  3. Deakin5

    Deakin5 Active Member

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    There is a clear drop in listings in the higher end market in Melbourne, vendors are favouring off-market campaigns rather than risking spending money on advertising only to be left in a situation where there are no satisfactory offers for their property. I don't have any figures to hand but I would suggest the listings are well below 50% as compared to the same time last year.
     
    Deakin5, 7th Jul, 2020
    #3
  4. datto

    datto Well-Known Member

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    In Mt Druitt it looks like there’s less properties for sale. No less bogans though lol.
     
    datto, 8th Jul, 2020
    #4
  5. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Seasonal perhaps ?

    ta
    rolf
     
    Rolf Latham, 8th Jul, 2020
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  6. skater

    skater Well-Known Member

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    Correct! Although the bogan ratio has changed a bit, I think. A few less bogans, and a few more immigrants.
     
    skater, 8th Jul, 2020
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    datto likes this.
  7. Morgs

    Morgs Well-Known Member Business Member

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    For mine things are reminiscent of what happened a couple of years ago when the media put out the old "bricks & slaughter" article and the market had a small drop.

    In many areas seeing subdued listing levels, lack of high quality listings, lots of poor quality products sitting on market for a long time, and even more off market stock being traded this time around.
     
    Morgs, 8th Jul, 2020
    #7
  8. Jezzah

    Jezzah Well-Known Member

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    It's been 5 weeks since a property came on the market that fits my desired search criteria in the 3 suburbs I track. There's still plenty of places on the market. However, the rate of new decent listings has slowed to a drip. The few that have come on recently feel like rentals that are being offloaded.
     
    Jezzah, 8th Jul, 2020
    #8
  9. MTR

    MTR Well-Known Member

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    Perth is currently going nuts. Volume is shrinking and demand is high. Fingers crossed prices will rise
     
    MTR, 8th Jul, 2020
    #9
  10. Illusivedreams

    Illusivedreams Well-Known Member

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    Sutherland shire $1,200,000+ is going very very strong in high quality areas such as the bays.
    Alot of duplexes are sitting longer in less desirable areas.
     
    Illusivedreams, 8th Jul, 2020
    #10
  11. hammer

    hammer Well-Known Member

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    Nope. I've been charting the Darwin market for years. This is new.
     
    hammer, 8th Jul, 2020
    #11
    martini likes this.
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