Total listings down 19.2%

Discussion in 'Property Market Economics' started by standtall, 1st Jun, 2021.

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  1. standtall

    standtall Well-Known Member

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    Source: SQM research

    Total listings in May were down 19.2% versus May 2020. There were probably not too many listings in May last year due to Covid restrictions anyways so low base means May 21 had really low levels.

    May listings 6.3% down versus April listings and old listings down 44% versus last May.

    In other words, everything on the market is getting absorbed quickly and fewer newer listings coming up. Sale volumes must also be higher than normal as explained by banking delays as well.

    No significant investor activity yet (never picked up since 2015) and no new immigration yet.. party has only just started!!
     
    standtall, 1st Jun, 2021
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  2. See Change

    See Change Well-Known Member

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    ST

    ABC had review on the news this am saying investors were back and saw something saying investor lending levels were back to level they were prior to RBA action ....

    Though no suggestion that RBA will do anything now .

    Cliff
     
    See Change, 1st Jun, 2021
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  3. 2FAST4U

    2FAST4U Well-Known Member

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    2FAST4U, 1st Jun, 2021
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  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    This data shows listings are selling faster and supply is slimming. The supply could also be seasonal with listings in the traditional period and not approaching winter. I do know that almost nobody is asking a sale price except new builds etc. They are allowing offers and auctions.

    SQM Research - Property - Total Property Listings - The Hills District
     
    Paul@PAS, 1st Jun, 2021
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  5. Frenchie

    Frenchie Well-Known Member

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    Makes sense. Why would you sell now if prices will be up 10% in 6 months?
     
    Frenchie, 1st Jun, 2021
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  6. mickyyyy

    mickyyyy Well-Known Member

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    Many reasons, buy in another location with more upside, reduce debt, use funds to build duplex on another block you have...
     
    mickyyyy, 1st Jun, 2021
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  7. MTR

    MTR Well-Known Member

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    Wonder if or how lockdown will impact on Melb property market
     
    MTR, 1st Jun, 2021
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  8. Traveller99

    Traveller99 Well-Known Member

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    Probably depends on the length of the lockdown. I also wonder if Melbourne will close the ever increasing gap with Sydney's prices and revert to the mean or is Sydney just going to steam ahead.
     
    Traveller99, 1st Jun, 2021
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  9. boganfromlogan

    boganfromlogan Well-Known Member

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    Not many successful auctions in Logan BTW.

    Although when the sale price is advertised the actual sold price is quite a bit higher.

    Takes some getting used to.
     
    boganfromlogan, 1st Jun, 2021
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  10. Frenchie

    Frenchie Well-Known Member

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    Yes it's a rhetorical question. I know some people must sell now, but given low financing costs, I would suspect a bunch of potential sellers are waiting a bit, adding to the lack of supply
     
    Frenchie, 2nd Jun, 2021
    #10