Property Listings Fall over November

By:

National residential property listings fell in November 2021 by 2.6% to 233,716 from 239,866 in October 2021.  Property 2

Sydney and Canberra are the two cities to have recorded a rise in listings of 3.2% and 3.9%  over the month of November.

Over the year, property listings are trending downwards nationwide.

Compared to 12 months ago, national listings fell 21.1%, with the biggest falls in Brisbane, Adelaide, Canberra, and Hobart.

Total Lsitings

Nationally, new listings (Less than 30 days) rose 2.3% over November 2021 to 96,346 properties on the market, though they rose 20.4% over the year.

New listings rose the most in Perth up by 9.6%.

Over the year, new listings rose the most in Darwin by 44.2%, followed by Perth and Sydney by 43.1% and 30%.

In a sign that older stock is clearing, property listings over 180 days dropped by 7.3% in November 2021 and they are down 51.2% over the year, with monthly falls as old listings were bought up at a quicker rate.

New Lsitings Old Listings

We were expecting a fall in listings given the strong October numbers.

While there were falls, the count was stronger than expected. Buy Home In Australia

Especially for Sydney.

Just like this time last year, vendors are keen to sell before Christmas but in greater numbers.

Perhaps it is due to the lockups of July to October.

It could also be due to more vendors believing we are at the top of the market in our two largest cities.

Either way selling activity remains very strong and will remain very strong right up to Christmas.

This week a record 6,315 auctions are scheduled.

I suspect agents are going to remain busy even through the traditional annual Christmas/New Year holiday hiatus.

ALSO READ: How long does it take to save a deposit in Australia’s priciest suburbs

icon-podcast-large

Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

icon-email-large

Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


About

Louis is recognised as one of Australia’s most respected and impartial research property analyst. He has extensive knowledge and experience of property and is regularly quoted in the media on his insights and is director of SQM Research.
Visit www.SQMResearch.com.au


'Property Listings Fall over November' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts