There was some trepidation among our members as they returned to work after the holidays. What would be in store for them? It’s understandable that the intensity of negative media commentary over the holidays seeded an expectation that things would be challenging.
But the feedback over the past six weeks is that market activity, especially buyer interest, is stronger than when we broke for holidays – significantly stronger in some markets. This activity reminds us that buyers can often move together in new directions, influenced by each other’s movements rather than by instruction.
January is a tricky month to judge sales activity overall, but in our first month of 2023, we wrote a total of $2.9 billion in unconditional sales across Australia, down 23 per cent per cent on the year prior.
We hope you enjoy this month’s Ray White Now and we look forward to providing you with more property market information in 2023.
Source: Ray White
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