Spring into Action this Spring!

More New Listings, But Demand is Strong:

In the last 30 days, there have been 269 new sale listings—an increase of 22.83% compared to the previous month. Spring traditionally sees more activity, and this year is no different, with more properties entering the market. However, this rise in listings is a signal for homeowners: while supply is growing, buyers are eager, and those who list early will benefit from the current buyer competition.

Faster Sale Times:

The average days on market has dropped by a significant 20.15%, now sitting at just 43.23 days. This indicates that properties are moving quickly, with buyers making fast decisions to secure their dream homes. If you’re thinking of selling, this is the perfect time to spring into action—your property could sell faster than you think!

Minimal Vendor Discounting – Better Sales Prices:

The average vendor discount has almost disappeared, sitting at an incredible -0.02%, a reduction of 103.28%. What does this mean? Sellers are achieving near or even above their asking prices, thanks to high buyer demand. If you’re considering selling, now is the time to list your property when buyers are willing to meet or exceed expectations.

The Market in Focus:

Recently Advised Sales Down, But Buyer Activity Strong: Recently advised sales are down by 26.37%, with 134 properties sold in the last 30 days. While this might seem like a drop, it actually reflects a tightening market where only the best-positioned properties are moving. Sellers who price competitively and market effectively will find the right buyers ready to act.

Increased Withdrawals – Sellers Waiting:

Recently withdrawn listings are up by 18.28%, suggesting that some sellers are holding back, waiting for better market conditions. But with spring here, demand surging, and prices holding firm, those who list now will have an advantage in a competitive yet rewarding market.

High Rental Demand:

With 513 rental listings, up by 12.25%, investors are watching the rental market closely. This increase in rental demand presents an opportunity for both investors and homeowners alike. If you own an investment property, now is a fantastic time to sell into a hot rental market, where yields and buyer interest are rising.