Instead Brisbane recorded “robust growth” in sales volumes during the winter months compared to last year.
Preliminary sales in July were up 31.7 per cent compared to the prior year and up 19.4 per cent compared to the prior month, reports realestate.com.au.
Is this a sign that sellers are ready to return the market?
Certainly we’re seeing more seller confidence and there’s good reason for that.
Brisbane has experienced exceptional growth in recent years and as we recently reported, sales data shows more than 99 per cent of Brissie sellers are pocketing a profit.
More stock on the market can also be a good sign for buyers. It provides more choice and can help contribute to a more balanced market where prices are stable instead of sky rocketing.
New stats show the Brisbane market held relatively steady last month.
Specifically Brisbane prices rose 0.4 per cent in August, taking annual growth to a solid 14 per cent, according to the latest PropTrack Home Price Index.
All this is boding well for a strong start to the spring selling season but not a crazy one, meaning solid prices for sellers and choice for buyers.
Thinking it’s time to spring into the market for yourself?
View our current listings for sale or talk to us about selling.
Wonder what your house price is doing after winter? Find out how much your property is worth.
