A Significant Shift in the Market

The latest survey report from Tony Alexander confirms what we have observed and reported via our newsletters and blogs. In short, there has been a significant shift in the dynamic in the residential market over the last two months in particular. Buyer demand is ramping, available homes for sale are falling and prices are firm. Here’s the in-depth report: https://static1.squarespace.com/static/5ce1fd700bf20400017d3a30/t/5f56de6b35cfcb0f5c23dc93/1599528579683/Tony+Alexander_Report_September_2020_FINAL.pdf

The market really does have a spring in its step and with it the traditional listing season in the run up to Christmas. The slight obstacle in this path is the October 17 election and school holidays. Given the current momentum our bet is that neither will dampen current buyer demand.