Assessing suburb supply and demand

Hi all, any tips on assessing supply and demand in a given suburb?



I recognise over supply dangers in certain outer suburbs, eg Craigieburn in Melbourne and Butler/Alkimos in Perth but are there any simple measures in inner and Middle ring suburbs where housing development is limited?



Can you reach conclusions via:

- average days to sell

- stock on market this year versus last year



As an example, Bayswater in WA:



- average days to sell is 52 (demand indicator)

- 48% increase in housing stock on market in Jan 15 versus Jan 14

- 3 month price growth 2.5%

- 12 month price growth 8.6%



Can't work out why prices are still rising there.



Do you get more of a read assessing % of suburb stock on market compared to the metro area as a whole.



Thanks

GG

Assessing suburb supply and demand