While the COVID-19 epidemic has dampened seller satisfaction in many areas, a study by RateMyAgent has shown that its impact is not as severe as expected, particularly in some states .
During the first quarter of the year, there was a substantial increase in overall price satisfaction and a recovery trend, the level of sellers' net happiness increasing by 17 percentage points to 42 %. However, the COVID-19 restrictions caused the seller satisfaction rate to drop to 37% in April.
Mark Armstrong, CEO of RateMyAgent, said the initial impact of the epidemic on the housing market was not as severe as expected, indicating that the housing market remained resilient.
"While we still need to analyze the long-term effect of the pandemic and closely monitor economic conditions, we see the industry starting to recover, particularly with the easing of restrictions and a slight drop in the national house. prices, "he said.
Read also: Buyers, sellers who are starting to come back?
During the month, seller satisfaction levels remained high in Victoria, the Australian Capital Territory and South Australia despite the general downward trend.
"We will be closely monitoring supplier price satisfaction in the coming months to see if industry forecasts for June as a new March or even spring, with more inventory entering the market , will come true, "said Armstrong.
Metropolitan areas recorded the largest decline in salesperson happiness, Melbourne and Sydney reporting decreases of 10 and 16 percentage points, respectively. Some sellers in the Victoria and Queensland areas were not as satisfied compared to the first three months of the year.
The decline in satisfaction was significant in the high-end segment of the market, which consists of homes valued at more than $ 1.5 million. During the month, seller satisfaction in this segment dropped to 25%.
The graph below shows the satisfaction levels in each state or territory:
Main suburbs:
melton
,
Canterbury
,
revesby hts
,
balga
,
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