NSW and Tassie lead new residential listings activity: RP Data

New South Wales and Tasmania have led the states in the the latest new listings activity figures published by RP Data.

New South Wales recorded a 15.4% month-on-month (seasonally adjusted) increase in listings, while Tasmania had a 14.5% increase.

The RP Data listings index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing market.

The index, which tracks the flow of metadata across RP Data’s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.