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Amid an already challenging environment for the nation’s housing market, the latest figures from Cotality suggest prospective sellers face ever greater competition to sell, even as fewer owners put their properties on the market.
According to Cotality data, total listings nationally reached 145,570 in mid-October, up 19.1% from this time last year.
This increase occurred despite a significant deterioration in the flow of new listings, which fell 7.9% year on year and remain depressed, 11.9% below the last 5-year average.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
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