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Real Estate Market News
Stock Shortage Frustrating Cashed-Up Buyers

As good activity continues across all price ranges, we now find ourselves in the unusual position, at this traditionally busy time of the year, with a shortage of properties to sell!

Most agents and buyers are in a holding pattern waiting for vendors to make a decision to sell. Almost every potential vendor is saying, “I’ll wait to hear what Daniel Andrews says on Monday before I make the decision to put my home on the open market”. As a result, we are actually finding that once again, buyers are outweighing sellers creating good traction for most properties on the market.

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