Via CoreLogic:
Today in the CoreLogic Property Pulse, research analyst Cameron Kusher said that despite dwelling values having only recently started to fall, the number of settled transactions in the housing market has been trending lower since peaking in 2015. (Note: off-the-plan sales are not counted until completion and they are counted at their contract date which means that there will be some upwards revision to recent sales volumes given the high volume of units currently under construction).
Nationally, 465,788 settled house and unit sales transacted over the 12 months to May 2018 with the annual number of settled sales -7.7% lower over the year. As shown in the adjacent chart, the monthly data points to a declining trend in transactions with settled sales now sitting lower than the decade average.
