Spring property listings slump to 12-year low

Spring is usually a time of surging property listings. But not this year, according to CoreLogic’s Head of Research, Tim Lawless:

The number of new listings being added to the combined capitals housing market has seen a hefty 44% rise from the depths of the winter slowdown in early July through to the first week of October, however that hasn’t been enough to push fresh listing numbers in line with previous years. The number of new capital city listings over the past twenty eight days was tracking at the lowest level for this time of the year since CoreLogic started tracking real estate listings in 2007.

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