Older stock levels decline – Louis Christopher

Older stock levels decline – Louis Christopher

Figures released by SQM Research reveal national residential property listings continued to decline in July. Louis Christopher says that this result was no doubt affected by seasonality with the winter months historically a low time for new listings. However he notes there was also a large decline in older stock, which may indicate that sales rates did rise in July or more vendors opted out of their sales campaigns.   Is this the sign of a turning market?

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Kevin Turner
kevin@realestatetalk.com.au
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