Stock available - whole market

The numbers for this graph are obtained by counting properties that are advertised (on popular internet websites).

Because properties can be advertised by several agencies (which would mean double counting) ... we only count the properties that are advertised with addresses - and check to make sure we don't count twice.

While we've made a considerable investment in getting these numbers right, and we've taken every effort to get them right, we are mere lawyers (not statisticians).  So it is important to realise that the numbers we have recorded will be prone to error (and cannot be relied upon for purchasing or sale decisions).

Stock available - your area

What we've done, is to take the very centre of your suburb ... and then calculate relevant nearby suburbs.  Then we break down the total numbers (see description above) just to the few suburbs listed.

The thing is ... it isn't enough just to look at the overall situation.  Different areas gain and suffer in different ways.

We find looking at local areas fascinating !

Median days on market

We keep tabs on how long properties are marketed for. 

Of course, they can come off the market because they are sold, or because the sellers just give up !  It is possible to imagine other reasons properties could come off the market (death / divorce / disaster).

The "Median" is the middle number.  It means that 50% of the properties are on the market for longer than the median, and 50% of the properties are on the market for a lesser time.

The "median" is of properties that have come off the market on the day reported on the graph.

We are sometimes asked if we can calculate "median" days for local areas.  Yes, we can ... but when you take smaller numbers of properties, the "median" jumps around a whole lot more.   It becomes a very scary graph to look at !  As mere lawyers, we surmise that the number is too small in local areas to avoid "skew" in the results (eg from the property left "forever" on the market finally being removed, or the "dream" property that sold the first day it was advertised).