Market Essentials - September 2021
As we enter September 2021, a large portion of the country remains in lockdown. Demand remains high, but stock volumes are low.
Data from Core Logic shows increasing median prices in most capital cities, quick sales and continuing real estate records, and as lockdowns lift, a robust recovery should follow.
On the plus side, vendor activity is predicted to increase, bringing better listing volumes to market. Mortgage rates remain low, household savings have grown, and international borders remain closed; these factors point to increased buyer activity.