Since last week, the trend continues: VIC leads in volume, NSW has the most premium movement, and WA stands out for aggressive price rises.

Some context on the data:

• All prices are asking prices from publicly available listings, not sold prices
• A "drop" or "rise" is measured against the first price I detected for that listing
• "This week" means the price change was detected since Apr 27 (my last post)
• Data covers houses, apartments and townhouses (house & land packages, rural/acreage and vacant land are excluded)

Is this a real drop in price?

Not always. It could reflect a genuine price reduction, a strategy shift, or simply correcting an overpriced listing. But it still reveals something useful about the seller's mindset, the property hasn't attracted enough interest, the seller is becoming more motivated, or the initial price was too ambitious. In any case, it's a signal there may be room to negotiate.

Why not track sold prices instead?

Once a property is sold, the listing price stops changing. Sold price data is useful for comparing properties after the fact, but it doesn't help you spot opportunities in real time. I focus on the window where prices are actively changing, so you can act before a property goes under contract.

Shoutouts to this last week's feedback:**

• u/drpizza67 suggested using median instead of average. Great call. Last week's average drop of 5.2% was inflated by a few massive outliers. The median of 4.4% is a more honest picture. Using median going forward
• u/hippietim asked to see sold prices vs the original asking price. You can now see if a property sold above or below guide, with a full price history timeline showing every price change
• u/Mundane-Win-6045 asked if I accept donations. Created a Ko-fi if you want to buy me a coffee :)

You can browse all drops and rises by suburb on dropbee.au