Softening performance in the property market - reflecting external factors at play
Softening performance in the property market - reflecting external factors at play
16 May 2024
CoreLogic's Pain & Gain report reveals the proportion of properties sold with a profit, has slipped to 93 percent, at the beginning of this year.
This compares to 99 percent sold with a profit in May 2021.
Chief Property Economist Kelvin Davidson says more listings are offering more choice to buyers - and some are managing to get through sneaky offers.
He says the wider influences are subduing price pressures - making it trickier for resellers compared to the market a couple of years ago.
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