Leading property group Raine & Horne says Australia is in the grip of a tight sellers’ market as Open for Inspection attendances surged 92.6% year-on-year (YOY) in November, while listings nationally were 14.2% lower.
The shortage of listings closely matches data from research firm Cotality, which reports a 13.8% YOY decline in listings across the combined capital cities. Raine & Horne data goes further, incorporating regional property markets.