General
With Fewer Sales, Housing Turnover Trends Much Lower
As credit availability has continually tightened over recent years, transaction volumes in the housing market has fallen leading to a reduction in turnover.
CoreLogic’s turnover metric shows the percentage of properties that have sold on an annual basis by comparing the annual number of sales to the number of dwellings in a market. Keep in mind that this metric only includes settled sales which are subject to revision as off-the-plan properties settle over the coming years however, the…
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