stock on market declines

now this is interesting
Stock on Market for the month of April 2012

Figures released this week by SQM Research reveal that residential listings declined during the month of April 2012, decreasing by 4.2% and coming to a national total of 371,470. With stock on market figures stabilizing in recent months, it appears the nation's housing market may have peaked in sale listings for this cycle, with all capital cities recording declines in stock levels.

Year-on-year, stock levels have recorded a modest 0.3% increase nationally - they shyest yearly increase to have been recorded during the past 12 months. This is an indicator that stock levels may have reached their highest levels for the time being and may begin to fall off in the coming months.



Managing Director of SQM Research, Louis Christopher says, "It is becoming more evident that the number of real estate listings has reached its peak. Indeed, for a number of cities now, stock levels are trending down. Those cities include Perth, Brisbane, Darwin and possibly Sydney, though we note Sydney stock levels have been volatile of late.
www.sqmresearch.com.au