The spring real estate season is off to a strong start, with a significant jump in auction numbers signaling a major boost in seller confidence.
According to Cotality, a total of 2,436 homes are scheduled to go under the hammer across the capital cities this week, a jump of almost 15 percent from last week.
This indicates that sellers are feeling confident and ready to list their properties.
Melbourne is a key driver of this surge, with 1,172 homes listed for auction.
That's the highest volume the city has seen in 15 weeks, making it a very busy weekend for both buyers and agents.
This increase in listings comes amid a broader national trend of low stock, which is creating a competitive environment for buyers.
Why sellers have the advantage
The current market conditions are crea