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Thursday, 1 October 2020

Stock on market plunging

Stock on market plunge

Property listings are being bought faster than stock can be brought to market.

Listings have continued to plunge to decade lows, according to CoreLogic:

Source: CoreLogic

CoreLogic noted that there are no signs of an increase in distressed sales.

In fact, the opposite seems to be true, with stock being absorbed faster than it is being listed, CoreLogic reported this week. 

A good time to engage with a buyer's agent - join us for tonight's webinar here