Real estate agents can look forward to a bumper spring selling season, statistics from RP data today revealed.
According to the property information provider, nearly 34,000 pre-listing reports, known as Comparative Market Analysis or CMAs, have been prepared by estate agents in the last two weeks, a 5 per cent rise on July’s pre-listings.
RP Data executive general manager David Williams said today’s data also represented a 36 per cent increase on this time last year.
“CMA activity has been trending upwards since the start of the year, signalling a dramatic increase in pre-listing activity and industry compliance,” Mr Williams said.
Other recent data releases from RP Data also point to healthy market conditions.
The national weighted average clearance rate is nudging 80 per cent and property values have increased by 4.5 per cent over the first half of 2009.