Perth listings now down to 12,888 and probably at balanced market levels.
These listings have been steadily decreasing every week for the last couple of months.
I think the upswing is well a truly underway.
This won't be confirmed until the end of July (I think) when the June quarter results come out. By then it'll probably be too late to take action at the bottom of the market. That probably occured in the last month or so.
Intersting to see that almost 3 months to the day there are now 10,048 listings. All indicators lead me to believe that the Perth recovery is now underway.