March Market Update: A Record-Breaking Month for Sales Activity
March has been an incredibly strong month for the property market, with activity levels that exceeded even our high expectations. From sales completions to new listings, it’s been a standout period that gives us real insight into where the market may be heading.
Completions Surge Ahead of the Stamp Duty Deadline
One of the biggest drivers of activity in March was the rush to complete sales ahead of the stamp duty deadline at the end of the month. Our teams worked closely with buyers, sellers, and solicitors to push transactions over the line—and the effort paid off. We saw more completed sales in March than in any other month in our company’s history.
Front-End Activity Hits New Heights
While completions were strong, what surprised even us was how busy the front end of the market was. We listed a high number of new properties and agreed a record number of sales during the month. The pace at which buyers and sellers were engaging with the market was extraordinary.
And it wasn’t just our business feeling the momentum. According to whole-of-market data from TwentyEA, sales across the region were up 13% compared to March last year—confirming that this surge was part of a broader market trend.
2025 Off to a Fast Start
Zooming out to the bigger picture, the first quarter of 2025 has been very positive overall. Sales volumes are up 9% compared to the same quarter in 2024. Given that 2024 was already a strong year for the market, this growth suggests continued confidence among buyers and sellers alike.
A Closer Look at Supply and Demand
Interestingly, while buyer demand is clearly rising, the number of new properties coming to the market hasn’t changed much from last year. This steady supply, paired with increased demand, sets the stage for potential price growth—especially in certain segments of the market.
We’re particularly seeing strong demand for:
- Starter homes
- Affordable three-bedroom family homes
- Second-stepper properties
Looking Ahead
That wraps up our update for March—a month marked by record activity, strong buyer demand, and early signs of price movement in key areas of the market.
Next time, we’ll be doing something a bit different: answering some of the most frequently asked questions we’re hearing from clients right now. If you’ve got something you’d like us to cover, leave your question in the comments and we’ll do our best to include it.
Thanks, as always, for reading.
