The market boom we have experienced over the last few years was never expected to go on forever. I have grouped suburbs by Statistical Area (Sa3) and based measurements using inventory analysis. The result is a matrix that plots the current level of inventory by Sa3 in months on one axis, then the 6 month change in inventory (in months) on the other axis. The result is a risk matrix that helps quantify what stage of the housing market cycle we are currently in based on hard numbers.
As you can see, every market is very different. Some are stable and others are seeing some rather significant rises in inventory. Watch this chart to see the changes unfold throughout 2022.
Last updated June 6th 2022 using data from May 2022.