Real estate listings rise 7 weeks to Christmas

National residential property listings increased in October by 2%, according to figures from SQM Research. They ticked to 321,754, up from 318,874 in September.

Listings are still down nearly -5% compared to 12 months ago. All states were up over October, apart from Darwin where listings dropped -2.4%.

The biggest jump was in Sydney, with listings up over 4% in October, however the harbour capital also has the biggest gap to its stock levels last year, down -19%.

Canberra saw the second highest stock level increase, just behind Sydney, to be one of just three capitals with stock levels higher than they were 12 months ago.

Sydney’s total listings still sit behind Brisbane, with Melbourne having the most stock on the market in October.

*source Property Observer

Posted in Latest news, News on 7th November, 2019