Although price growth has started, we’re yet to see a pick up in properties for sale. Ideally we’ll start to see more sellers enter the market over coming months. While winter is not generally a strong selling season, it’s likely that by spring, we’ll be back to more normal levels of stock availability. This is particularly the case given that prices are likely to be back to where they were at the 2022 peak by the second half of the year.
In this month’s Ray White Now, we take a look at where homes are starting to sell more quickly. Days on market remain historically low but have increased significantly from where they were 12 months ago.
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
Nerida Conisbee, Ray White, Ray White Ballarat, Ray White Now, real estate, Real Time Data, Stephen Dullens
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