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Asking price spikes run ahead of the market – The Australian Financial Review

Higher vendor asking prices could lead to higher prices in the June quarter compared to the first three months of the year, despite a flood of new listings.

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Mr Christopher said the flood of new homes listed for sale so far has not resulted in oversupply or a slowdown in buyer activity.
So far the market response has been encouraging as buyers reluctantly meet vendors expectations.
Louis Christopher, SQM Research managing director
We have not seen any indication of a big dip in buyer demand or that sales turnover has fallen away sharply as a result of increased listings, he said.
Vendors are actually getting the sale, so buyers are willing to pay for…

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