Housing activity to ramp up in spring

Font size :

The coming spring is shaping out to be a bumper season for agents, sellers and buyers according to new pre listings statistics from rpdata.com.

The new data known as Comparative Market Analysis (CMA) showed that nearly 34,000 pre listings have been prepared by agents in the past two weeks. The new August numbers showed a 5% increase from July and a huge 36% increase when compared to a year ago.

"The CMA activity is a good barometer for future market activity - on average a property is sold within two months after the first CMA report is conducted," said Rpdata.com executive general manager David Williams. "Our latest results suggest that vendors and real estate agents are preparing for a bumper spring selling season."

The CMA is one of rpdata.com's most popular reports undertaken by real estate agents when they are preparing to list a property for sale. The report provides examples of recent comparative home sales as well as demographic and market statistics."

Other recent numbers from rpdata.com also point to healthy market conditions.  The national weighted average clearance rate is approaching 80% and property values have increased by 4.5% over the first half of 2009 according to the RP Data-Rismark Home Value Indices.Rpdata.com also reported that vendor discounting is becoming leaner and the time it takes to sell a property is becoming shorter.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Sunday, Sep 24, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords