As far as metrics go, it’s not scientific. But if you’ve noticed that more oversized headshots of slick-looking real estate agents appear to be cluttering your peripheral vision on the daily neighbourhood stroll, you would be correct in deducing that housing is pivoting from a sellers’ market to a buyers’ market.

Two significant property market dynamics have altered over the past couple of months and are now becoming clearer.

The number of residential listings at the start of 2025 has bounced nationally and in some parts of Sydney and Melbourne listings have jumped 50 per cent, data from CoreLogic shows. In Sydney, listings are more than 8 per cent higher than the average of the past five years; in Melbourne, it’s more than 7 per cent.

House listings have grown and prices are starting to fall.Credit: Rhett Wyman

Secondly, national property values fell in December for the first time in two years. In December,........

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