According to SQM seasonality has driven the lift in listings, with stock levels typically picking-up during the Spring selling season:
SQM Research has observed that there are certain factors which need to be taken into account in regards to this monthly rise; firstly that there were five weekends during the month of November, rather than the usual four, and secondly – the issue of seasonality.
It is the opinion of SQM Research where seasonality is concerned, that the “Spring Selling Season” has hit later in the year than usual, with a marked uptick in sales listings – especially in Sydney which revealed a 12.8% monthly increase in stock levels during November 2013…
Managing Director of SQM Research, Louis Christopher says “No doubt, the disruption of the election in September created a lag effect in listings which is coming through now so it is no surprise listings had a large jump in November. Plus, we also had five weekends during the month which added to our monthly counts. Seasonally, listing activity is very strong in the later spring months and is the prime reason why there has been a dip in auction clearance rates in recent weeks. So for now I am not concerned about any new slowdown in the market.”
