Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Estate agents gear for bumper spring season

13 August 2009 Reporter

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.

Estate agents gear for bumper spring season
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.