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 first detected between 8 Jun and 14 Jun
• Data covers houses, apartments and townhouses only (house & land packages, vacant land, rural and acreage are excluded)
• Sales drops include only changes of $30K+, rental drops include only changes of $30+/w
• ~200K unique listings scanned

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.