Want to know the secret temperature gauge real estate professionals actually use? Forget auction clearance rates - they're inconsistently reported and can vary by up to 15% between data providers. The true insider metric is total property stock levels, and it's the most reliable indicator of whether you're in a buyer's or seller's market.
This episode unveils how property professionals track market conditions using this hidden number to advise clients confidently. We explain why stock levels are the definitive market temperature gauge and exactly how to find them yourself through property portals. The process is surprisingly simple but not immediately obvious - we provide step-by-step instructions for uncovering this valuable data on realestate.com.au's desktop version.
We break down what the numbers mean: when stock levels drop below 500 properties in an area like the Northern Beaches, you're firmly in a seller's market with rapid price growth, minimal discounting, and competitive conditions. When levels exceed 1,000, the power shifts dramatically to buyers who gain choice, time, and negotiating leverage. We reveal how the Northern Beaches market has fluctuated from 449 properties in December to 875 in February, then down 22% to 682 in May - crucial context for anyone buying or selling in this market.
Track this number in your local area over time, and you'll gain the same insider perspective professionals use to guide clients through changing market conditions. It's the unbiased metric that doesn't lie, providing clarity when media reports and auction data send mixed signals about where the market truly stands.