Stock levels are LOW
CoreLogic reported property listings plumbing the depths at around record lows for early 2021 this week.
In fact total listings weren't too far off half what they were just a few years ago on a national basis.
Source: CoreLogic
Certainly our buyer's agents are reporting quality stock selling quickly right now, so prospective buyers need to be well-organised and decisive.
Let's take a look at what SQM Research finds, using their slightly different methodology.
Still nearly 38,000 listings in Melbourne for SQM, but not much doing elsewhere.
Sydney ticked back down to about 25,000, which is relatively speaking pretty tight.
But it's most notably the second tier capitals where stock levels have tightened markedly over the past year.
National residential listings declined 3 per cent in January to be 11 per cent lower than a year earlier, according to SQM Research's figures.
Property signals are generally turning more bullish, albeit not everywhere.
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Commodities are on a roll, although iron ore will surely have to fall from here:
Source: RBA
