Sydney's housing market moved through a fourth straight month of declining values, with the market down 0.4% in January to be 1.7% below the record high set in September last year.
House values have fallen more substantially than units, down 1.9% and 1.2% respectively from their peak levels.
Sydney Housing Market Update | February 2025
The weaker conditions coincide with higher advertised stock levels.
This is where listings are tracking 5.6% higher than a year ago and 6.9% above the previous five year average.
With higher stock levels, homes are taking longer to sell with a median of 43 days on market compared with 38 days to sell a year ago.
Sydney house prices graph
Source: CoreLogic
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