Let’s face it, we all hate going to the clothing store only to find the size range depleted, especially when it comes to the one size, you’re after. Same in property when you procrastinate by not making a move, and when you do choice is not what you hoped for. Worse still the advice your receiving is low stock availability is unlikely to change in the immediate future.
In real estate the service obligation and expectation requires the sales agent be in regular communication with clients. My advice would be buyers also need to be proactive to expedite regular contact with their go to sales agents to be first in the know. To be passive and wait for email alerts, Facebook posts to update on the latest listing is all well and good, except for the fact the buyer pool in your area are also receiving the same property push updates.
First day of spring, and it will be interesting to report back in 30-days if the historical lift in property stock has occurred in 2020. Historical trends would suggest we should be able to report back in the affirmative, however in these times past performance is no longer the yardstick to predict what will likely play out this month.
The following showcases dwellings (excluding land) available to purchase on Trademe over the past two months in my city. July 1st to September 1st there has been a -24% shift in available stock of dwellings (all types). Waiting for reemergence based on past indicators especially if one is in the market to purchase right now, may end in disappointment unless you are confident you are market ready.