Capital city listing SOM counts

An article about capital city listing counts using SQM data.

Listing counts (Stock on Market) gives a great insight on the strength of the property market in each location - basically if the number of properties available for purchase is low (relative to the population of its inhabitants), then prices tend to go up. If the count of listings is high, then buyers have a lot of choice, and prices generally won't have upwards pressure on them. The number of old and new listings is a strong indicator - if there is a very high number of old listings, then homes aren't selling we on that market. Vendor expectations may be too high or there simply isn't a demand for the properties. If new listings get sold at or not far off 30 days then it's an in demand location and expect prices to remain strong. If old listing numbers decrease dramatically then it bodes well for that location too, expect prices to tilt in the vendors favour.

Sydney New Listings dive on lockdown by lockdown

 

This is excellent, one of the most important indicators, supply