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Tuesday, 31 August 2021

Property stock listings hit record low

Stock plunges again

An interesting media release is due out from SQM Research imminently as total property listings fall to the lowest level on record (since January 2010, when the data series began).

In August, total listings had declined to just 215,911.

Source: SQM Research

Stock levels are tight in all cities, but extremely tight in cities such as Hobart and Adelaide.

Source: SQM Research

There are quite a few moving parts here.

Obviously borders could reopen next year, adding to demand, but then presumably more willing sellers would be coming to the market as well.