Brighter Buying

Market update: Drop in days on market driven by deluge of buyers

by Justin Watt, CEO 14 May 2020

Brissie homes are being speedily snapped up despite COVID-19 disruptions.

This week reported properties were listed for a median 52 days in April 2020 compared with 60 days for the same period in 2019.

A range of incentives available for buyers and record low interest rates have seen buyer numbers jump and spark competition for the fewer properties available for sale.

Queensland is beginning to ease its way out of restrictions and open homes recommenced last weekend. Although we were limited to the restricted numbers, we found the buyers who showed up were ‘all systems go’.

This paired with limited stock is seeing properties go under contract fast, which is a positive sign of a bounce back, leaving sellers as the missing ingredient to the real estate market recovery.

Curious about making a move in the current market? View our current listings for sale or talk to us about selling.