In 2024, this will not be the case.
Much like the Easter egg hunts set to take place in backyards around WA on the final Sunday of this month, the desperate search for property will continue throughout the Easter break and beyond.
Realmark managing director John Percudani said it’s a great time for all stakeholders to consider putting their plans into action.
“We aren’t going to see a drop in demand in the short term,” he said.
“With limited stock on the market, properties are going to continue to attract great interest as we approach the winter months.
“While I warn of an imminent market reset, the forces of demand and supply indicate to me that this won’t be happening before the year is out.”
Mr Percudani recommends for anyone with plans to buy or sell property to be informed as they make decisions.
“Do your reading, and get to know your local real estate agents and experts in your area, and the areas you’re interested in. The big property search engines alone won’t be enough to land your ideal property in this competitive market,” he said.
“While, in the past, Easter was a time for sales agents to take a breather, this year I know Realmark agents will be active and available throughout the holiday period to have conversations about your property plans.”
Properties continue to sell at record pace, with median days on market remaining at eight for the second straight quarter.
In March 2023 this average was 14 days, and pre-COVID, you’d be looking at more than 80 days to sell your property.
Realmark continues to recommend a Set Date Sale strategy when selling your house to maximise the potential of a competitive market.
To chat to your local Realmark agent or office, call 08 9328 0999.