Property listings down as prices rise

Mortgage Business
Property listings down as prices rise
By Sarah Simpkins
07 June 2021
National residential property listings dropped by 6.3 per cent in May, while asking prices continued to climb.
There were 245,953 property listings in May, according to a new report from SQM Research, down from 262,617 in April.
The listings had dropped by 6.3 per cent month-on-month. And for the year to May, the total had declined by 19.2 per cent.
Louis Christopher, managing director of SQM Research, commented that the fall in property listings had been due to “strong market conditions”.
“We have also seen a big fall in old listings during the month, indicating that old stock is getting moved everywhere,” Mr Christopher said.

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