Unfortunately, the supply of new listings is still falling well short of what is needed to meet the demand from buyers, which is a seasonal trend that we often see at this time of year.

Many people aren’t aware that the flow of new listings is highly seasonal, with the Winter months usually seeing new listings trending lower before ramping up swiftly when Spring arrives. Recent figures show that the number of new listings tends to fall by around 10% from Autumn to Winter before rising by around 20% from September onwards.

This year that trend has been even more pronounced. The latest data from Corelogic suggests that new listings in the four weeks to July 17th were down by close to 20% on the four week period to March 20th.

What you may not have realised is that the tight market conditions right now are creating a genuine opportunity for those who are planning on selling in 2022. Rather than waiting for the official start of Spring, (which is now just a month away), when history tells us we will see a rush of new properties hitting the market, you can gain a jump start on the market by getting in early while there is so much less competition from other sellers.

It really is that simple when it comes to stacking up the Supply vs Demand equation in your favour!

So if you’d like to discuss your options as far as timing and preparations go, why not give our team at Barry Plant Thomastown a call this week on 9466 3233. We’re here to help.

Regards,

Con Constantinou

Barry Plant Thomastown