“Home buying activity has surged over the past week with the clear prospect of strong market conditions continuing into the autumn selling season – and beyond.

The latest data from My Housing Market reveals that the number of national newly reported homes sales over the week ending February 7 surged by 17.2% compared to the previous week’s total.

National newly reported sales over 2021 so far are now 33.6% higher than recorded over the same period in 2020.

pasted_image_0.png

Most capitals recorded increases in newly reported home sales over the past week with Sydney the top performer up by 46.9% followed by Melbourne 32.7%, Brisbane 19.5% and Adelaide up 0.5%. 

Newly reported home sales for Perth however fell by 12.6% over the week clearly reflecting the impact of the recent coronavirus lockdown.

pasted_image_0-2.png

Sydney recorded the most newly reported home sales over the past week - 10.5% higher than the next highest Melbourne.

pasted_image_0-3.png

The prospect of sharp increases in home sales activity over coming weeks will continue to place upward pressure on house prices reflecting strong ongoing competition amongst buyers for available properties.”

Similar to this: 

Extraordinary sales activity recorded by The Agency in January 2021

‘It’s about time you started your own agency’

Median house prices up across regional WA - REIWA