New listings fall as lockdowns lead to seller trepidation; Opportunity for vendors amid uncertainty.
This monthly report analyses new and active listings on realestate.com.au to provide the most up-to-date view on property market supply trends.
As anticipated, a wave of state lockdowns had an immediate impact on the property market in July.
While lockdowns may have impacted listing supply, national search demand and buyer enquiry on realestate.com.au was at a near-historic high in July and remains strong heading into August.
Over the past 18 months, the property market responds to restrictions being eased almost immediately. Based on the market behaviour following previous lockdowns, we would expect once current lockdown restrictions end, there should be a rapid rebound in the volume of new listings coming to market.
Download the REA Insights Listing Report here.