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Can someone change the thread title? It's very misleading. :D

That's, like, so 2012 news. :p

It's probably a case of sellers and agents basing their pricing on what has happened in the past 3 months, not realising the market has jumped off. Of course a property can be sold that quick if the pricing is based on old info, but is a good sign for the market.

Back on topic, down to 9,059!!!! :eek: 1,076 sales too.

Joe public will get this update in April when the REIWA March quarter results are released. :p

Yeeeee Haaaaaaaaw

Partly. What were the number of listing last December???? I think it was around the 13500 mark, so things looking good.

Up again this week to 10,756 properties. :( Sales down as well.

Up again to 10,591 this week, so this is maybe the bottom of this little run???? Rentals also up, but intersting to see that sales are up. Might be an effect of people putting stock on the market seeing the prices move.

But this number has been used for years and has benchmarks back when the market was booming (6,000 odd) and "busting" (18,000 odd).

Listings up this week to 10583. :( That's 2 out of the last 3 weeks there has been a slight rise. Might just be hitting the "peak" of this "boom"??????

Noice. :cool:

Down to 10467 this week!!!! Reckon the 10000 level will be breached by the end of September. Interesting to see the number of rentals increase this week.

Down another 115!!!

Might be, but the number reported by REIWA is still in decline and way less than their balance market number which is in the 12,500 area. The same thing can be seen with the SQM data, stock has been steadily decreasing and is probably less than their balanced market threshhold too.

I reckon it will kick in very soon and not be noticed until the September quarter results come out about November. As for the 10,000 barrier, give it another 4 to 8 weeks and we'll be through that.

Only reason I stated 12,500 is that is the number I have heard from REIWA a number of times on the RE program on 6PR on Sat mornings. Don't how they figure that.

A balanced market is about 12500 nowadays, so we passed that a while ago. Stock down another 110 or so this week, so very much shaping up to be a seller's market soon. The media hasn't quite cottoned on yet and purchasers are probably still sitting on the sidelines waiting to be told by the...

Down, down Down again this week to 10897!