Vendor Discounting Stabilises As Listings Trend Lower

The vendor discount metric measures, for properties that sell below the initial list price, the difference between the original list price and the ultimate sale price. The metric is calculated as a median across a rolling 3 months of data. Within the past 3 months, housing conditions have started to stabilise but there has been no noticeable reduction in discounting levels.

As at July 2019, the median vendor discount nationally, was 5.9% and as the chart shows, discounting has steadied over…