Our Ray White Pulse data indicates a surge of new listings over the past seven days, matched by the number of sales transacted by Ray White members. While this shows a balanced market, February is typically known for attracting new listings and is one of the fastest months for inventory growth. We’ve already advanced 477 listings in the first seven days of February, a strong rise compared to the same period last year.
Our sales have continued to accelerate. In January, market sales increased in value by 50.3% compared to the same time last year. The total volume of residential property sales reached $943 million, marking the highest sales value for an individual month of January.