Listing numbers remain evaluated across all capital city markets, providing buyers with a wide range of choice, plenty of bargaining and little in the way of urgency. Capital city listings haven’t been this high at this time of the year since 2012. Despite total listing numbers remaining elevated, fresh listings across the combined capital cities are down 31% relative to the same time last year, indicating extremely low vendor confidence.
The lower number of new listings entering the marketplace shows there is minimal sign of panicked selling. Prospective vendors seem to be comfortable in delaying their listing until selling conditions improve.