Solid volume growth over the past few years flattened out in the first part of 2015. This is not altogether surprising since it reflects the realities of a stagnant economic environment in South Africa. In an interest rate hiking period (albeit small increments) and little real economic growth; one would expect volumes to remain stagnant.
Total sales value is almost back to the levels last seen in 2007, however in real terms (adjusted for CPI) the market is still almost 40% below the boom time sales level.
From an individual home owners perspective things are not all doom and gloom. The shortage of good homes on the market means that your home can sell quickly at very good prices. You should however avoid the temptation to over price your home. Buyers are turning over their pennies and will not over pay.
For more information; FNB-Property-Barometer_Property_Transaction_Volumes_and_Values_Trends_Jul_2015