New listings are up strongly, as activity ramps up as we enter spring selling season. So is now the best time for buyers to consider purchasing a property?
Choice for buyers continued to improve in August, with the total number of properties listed for sale lifting 3.9% month-on-month as market activity picked up ahead of the spring selling season.
August saw new listings in capital cities up 11.3% month-on-month after a seasonally quieter July.
Regionally, new listings were up 7.9% month-on-month in August.
Nationally, the total number of properties listed for sale was up 3.9% month-on-month in August as the busier month of new listings helped increase choice for buyers. The increase in the month brought the total number of properties actively listed for sale up 13.7% compared to a year ago – the largest year-on-year increase since 2010.
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