Market update

New listings hit an unprecedented 36 for the first three weeks of July ( the most of anytime this year )and the month is not yet over. Number of sales remains strong with 14 unconditional so far and 9 yet to cool off so the average of a sale a day is right on track.

It will be interesting to see how the market pans out in the spring with indications that the supply and demand factors that has driven the growth over the past 9 months evening out.

I think that is a good thing all round, My prediction is solid growth, more choices for buyers means more buyers will enter the market and prices will continue to rise. We won't see the same rate of growth that we have experienced recently but slow and steady is just what the doctor ordered.

What ever the trend minimise the risk simply by buying and selling in the same market then the fluctuations really don't matter.
The opinions expressed here are those of the individual and not those of Homely.com.au.
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