Spring listings increase needs buyer demand: CoreLogic RP Data's Tim Lawless

Spring is expected to bring an increase in listing numbers but whether buyer demand keeps pace with the additional level of homes for sale is another question, according to CoreLogic RP Data's head of research Tim Lawless.

The CoreLogic RP Data Hedonic Home Value Index for August found new listing numbers are 5.5% higher across capital cities when compared with the same time last year. There was a 16% lift in fresh listings for Sydney and a 10% lift in Melbourne.

Mr Lawless said this is indicative that the spring listing trend is already accelerating as vendors look to take advantage of the strong selling conditions. 

"The Spring season will provide a timely litmus test for the housing market given it’s a time when listing numbers normally increase materially," he said.

"It will be important to monitor whether buyer demand keeps pace with the additional number of homes being advertised for sale."