CoreLogic has released its Monthly Housing Chart Pack, which shows that new listings were running 2.6% below the five-year average in July 2021:
![New listings](https://www.macrobusiness.com.au/wp-content/uploads/2021/08/Capture-133.png)
More importantly, the total number of homes for sale is running 27.1% below the five-year average:
![Total listings](https://www.macrobusiness.com.au/wp-content/uploads/2021/08/Capture-134.png)
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At the jurisdictional level, annual stock levels have fallen across every market except Melbourne, which was in hard lockdown at the same time in 2020:
![Total listings by state](https://www.macrobusiness.com.au/wp-content/uploads/2021/08/Capture-135.png)