Another sign that there is a rebound in the number of transactions. REA residential listings for Q1 24 (against the prior corresponding period) : . + 1 % nationally, . + 16 % in Sydney, . + 14 % in Melbourne.
That's a significant rebound vs the 3 previous quarters, when REA national listings decreased by 18 % in Q4 23, 12 % in Q3 23 and 21 % in Q2 23.
Also interesting to note that this increase of new listings in combined capitals have been well absorbed by the market, as the total listings in combined capitals are still decreasing (source : Corelogic).
MEA Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
