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    Ray White Now is our monthly deep dive into data that informs our agents and customers about market activity, buyer and seller sentiment and what to expect when coming to market. Our economics team, led by Ray White Chief Economist Nerida Conisbee, extracts data from numerous different sources to bring you analysis of price movements, listings on the market and auction insights, in real time, to give you an up-to-the-minute understanding of the real estate market in its entirety.

    Price movements
    Rate rises and Budget continue to drive slowdown
    The median house price across Australia sits at $1 million, down 1.1 per cent over the month, with annual growth easing sharply to 2.9 per cent, a marked deceleration from the pace recorded earlier in the cycle.
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    Listings activity
    Properties are still moving through the market
    National sales listing volumes have seen little change over the past month. Active listings on a 12 month rolling basis sat at 600,619 in August, while new listings held at 511,853.
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    Open home attendance
    Open home attendance shows signs of improvement
    The four week rolling average climbed steadily to 2.2 by late August, its best level since early in the year, stabilising at 2.2 in the week to 5 September. However the gradual lift through winter into spring is a genuinely encouraging development.
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    Auction insights
    Reduced buyer urgency also seen in bidder activity
    Active bidder numbers at auction remain close to the lows recorded through the year, sitting at 1.7 per property in the latest reading. This follows a brief improvement to around 1.9 in August that has not been sustained.
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