There have been a number of conflicting signals around the state of our economy this month. More positively, inflation is down, house prices are showing modest price recovery, and the market is starting to price in a downward trend in cash rate. However, there have been overseas bank closures and rescues, as well as another large constructor insolvency in Victoria.

Households are unlikely to have an easy time getting a grip on the true outlook, and this is reflected in only modest improvement to the year's overall listings trend.

Having a look at the major cities, Sydney, Canberra and Melbourne are still well down on the same month last year. Brisbane, Darwin and Perth saw more moderate losses to listings, while Adelaide and Hobart saw modest increases to listings at this time last year.

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10-month streak of falls end, as Australian home values up 0.6% in March: CoreLogic Home Value Index