Sales continue to accelerate ahead of new listings
Home sales continue to outnumber new listings across Australian property markets, as lockdowns in major cities spook prospective sellers from putting their homes up for sale.
Buyer demand has shown no signs of slowing down through much of 2021. Photo: Shutterstock (Image source: Shutterstock.com)
Home sales continue to outnumber new listings across Australian property markets, as lockdowns in major cities spook prospective sellers from putting their homes up for sale.
Data from CoreLogic showed the ratio between dwelling sales and new listings rose to 1.4 in the three months to the end of July, the highest level since the research group started tracking the metric in 2008.
CoreLogic calculates the sales to new listings ratio by dividing…
