Friday, 13 July 2012

Number of Listings & Selling Days

Thanks to REIWA online, this information shows some interesting information. We currently have 11 784 homes on the market which is a significant decline from Dec 11. Based on this history and in my current experience, days on market are dropping down with more and more buyers looking to purchase. More competition for homes, less supply means increase pressure on prices.

Good time to buy? I think now would be great as the stats are looking good

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