Spring selling season is now in top gear, and we are finally starting to see listings rising across the country.
Despite the headwinds on the East Coast, the number of properties headed to auction has been trending higher in recent weeks and this is expected to continue. Every capital city has seen a jump in the number of new listings, with some of the largest listing increases recorded those capitals in the midst of ongoing lockdowns.
The latest data from CoreLogic shows that new listings have increased by 9.8% since early September and the trend is moving upward.
Overall, the number of listings is now only 3.9%below the five-year average for this time of year, suggesting housing sentiment remains strong