As expected, it’s been a slowish start to 2026 with most home buyers eagerly watching the market to get a sense of demand…and fair enough too.
This week the new listing numbers rose across Sydney (as they do every year), in fact REA and Domain went from empty shelves to plenty to look at in the space of about 48 hours. The question is how well will this stock be absorbed?
My sense is that the market is already expecting an interest rate rise next week so I don’t see that being a major surprise but perhaps a better indicator will be the new average stock levels as more offerings emerge (*they typically appear on a Wednesday or Thursday).
Experience tells me that we are in for more of the same of what we saw late last year. A fairly level market with a reasonable degree of buyer caution, of course there will be the odd great result that my real estate brethren will inevitably focus on.
If you have ever wondered why the odd property sells for a great price while others languish it’s quite simple. Really good properties on the right street that face the right way come up less often, therefore there is always a captive audience…and that’s regardless of the broader market sentiment.
Our advice to sellers is to ignore exuberant agents promising unrealistic prices, listen it’s tempting…I get it…but the irony is you will get a better price with an agent who understands the market rather than the one that pushes you out on stage at the wrong price. As stated above, many buyers are cautious at present so a price reduction can send the wrong message about your home.
We have some wonderful homes coming up and we are looking forward to showing them.
Until next week,
David Murphy