Australia’s dwelling sales to new listings ratio hits an average of 1.4 in the three months to July
Dwelling sales continue to surge across Australia against low listings levels. In the three months to July, CoreLogic estimates there were around 171,100 sales. This is 53.4% higher than what has typically been seen this time of year for the previous five years. In the same period, there were just 121,200 newly advertised properties for sale in the three months to July.
This has taken the ‘sales to new listings ratio’ to recent highs nationally, at 1.4 over the three months to July. For the past decade, the ratio has averaged 0.9, suggesting for each listing added to market, there was just under one transaction that took place.
Source: CoreLogic
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Pauline Goodyer
I love this quote. It’s exactly how I feel about the work I do. For over 20 years my passion has been working in Sydney’s Eastern Suburbs property market. It’s a job I truly love. In a place I live and adore.