New data shows a lift in housing market activity among sellers, with the number of new listings increasing after a slower start to the year.
The latest PropTrack Listings Report indicates activity is starting to heat up ahead of the usually busy autumn selling season, with would-be buyers enjoying more choice in many parts of Australia.
At a national level, new for-sale listings on realestate.com.au rose by 24.8% month-on-month in February, while in capital cities, they were up by 26.6%.
PropTrack economist Angus Moore, the report’s author, said those in the market for property have more options than they did a year ago.
“The total number of properties listed for sale on realestate.com.au in February was up strongly compared to January, as is typically the case after the slower summer months,” Mr Moore said.
“And compared to a year ago, the total number of homes listed for sale nationally in February was up 9.6% year-on-year.”