For sale listings retrace in May

Tuesday 7 June 2016

From SQM Research comes stock on market figures for the month of May, which registered a “surprise” 4.3% monthly decline in the number of homes for sale, with for sale listings also down by 2.7% year-on-year (see below table).

The result follows the 4.1% monthly (5.2% annual) jump in April.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.