Property listings surge as sellers sense a cooling market

Nicola Powell from Domain says growth in residential property listings remains strong as the end of the calendar year approaches. She notes that more than 1,000 auctions have been scheduled in Sydney over each of the next two weekends, while auction numbers will top 1,200 in Melbourne. Powell adds that the number of homes listed for sale is likely to rise in coming weeks, amid strong growth in requests from homeowners seeking an appraisal of the value of their property.

From The AFR:

“This the highest volume of new listings we’ve seen in Sydney on a weekly basis this year, so it seems that more vendors are rushing to sell,” [Nicola Powell] said.

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