National residential property listings decreased in November by 4.0% from 308,468 listings in October 2020 to 296,267.
Compared to 12 months ago, listings were down by 12.6%. 
All capital cities recorded decreases in property listings over the month with the exception of Melbourne which recorded an increase of 1.2% in listings.
Darwin, Sydney and Hobart posted the largest decreases of 6.7%, 6.4% and 6.1% respectively.
Brisbane recorded a 3.8% decrease, Adelaide 3.0% and Canberra 3.2%.
Perth recorded the lowest decrease of 2.4%.
National year-on-year listings reveal a decrease of 12.6% with significant decreases in Darwin (28.2%) and Hobart (26.1%) and Adelaide (21.5%).
Sydney recorded a smaller decrease of 0.7%. Melbourne however, recorded a large increase of 11.5%.
Stock on Market Table:
| City | November 2019
Total |
October 2020 Total |
November 2020 Total |
Monthly change % | Yearly change % |
| Sydney | 32,101 | 34,061 | 31,880 | -6.4% | -0.7% |
| Melbourne | 40,003 | 44,057 | 44,594 | 1.2% | 11.5% |
| Brisbane | 33,205 | 30,213 | 29,072 | -3.8% | -12.4% |
| Perth | 25,781 | 23,203 | 22,651 | -2.4% | -12.1% |
| Adelaide | 18,139 | 14,691 | 14,245 | -3.0% | -21.5% |
| Canberra | 4,998 | 4,167 | 4,034 | -3.2% | -19.3% |
| Darwin | 1,884 | 1,450 | 1,353 | -6.7% | -28.2% |
| Hobart | 2,388 | 1,879 | 1,765 | -6.1% | -26.1% |
| National | 338,971 | 308,413 | 296,267 | -4.0% | -12.6% |
New Listings (30 days)
Nationally, new listings (30 days) increased by a 0.48% over the course of November with 381 more properties on the market.
Darwin’s new listings increased by a significant 27.3%.
Melbourne new listings increased by 4.1%.
Sydney was the only capital city that recorded a decline in new listings.
There was a surprise decline in total listings for the month, which was predominantly driven by a decline in old listings.
The fall in old listings tells me stock is being absorbed at a quicker rate than levels recorded earlier this year.
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It is yet another signal that buyer activity is on the rise.
Days on Market Tables:
November 2020
| City | < 30 days | 30-60 days | 60-90 days | 90-180 days | > 180 days | Total Listings |
| Sydney | 14,350 | 4,578 | 2,959 | 4,200 | 5,793 | 31,880 |
| Melbourne | 19,417 | 7,189 | 1,277 | 6,280 | 10,431 | 44,594 |
| Brisbane | 8,477 | 5,445 | 3,433 | 4,825 | 6,892 | 29,072 |
| Perth | 5,948 | 3,910 | 2,613 | 3,982 | 6,198 | 22,651 |
| Adelaide | 4,921 | 2,425 | 1,405 | 2,040 | 3,454 | 14,245 |
| Canberra | 1,962 | 566 | 269 | 365 | 872 | 4,034 |
| Darwin | 224 | 97 | 74 | 159 | 799 | 1,353 |
| Hobart | 659 | 217 | 122 | 166 | 601 | 1,765 |
| National | 80,051 | 39,110 | 23,373 | 40,390 | 113,343 | 296,267 |
| October 2020 | ||||||
| City | < 30 days | 30-60 days | 60-90 days | 90-180 days | > 180 days | Total Listings |
| Sydney | 14,920 | 5,403 | 3,052 | 4,327 | 6,359 | 34,061 |
| Melbourne | 18,610 | 2,176 | 2,510 | 8,928 | 11,833 | 44,057 |
| Brisbane | 8,194 | 5,499 | 3,887 | 5,004 | 7,629 | 30,213 |
| Perth | 5,841 | 3,729 | 2,606 | 3,855 | 7,172 | 23,203 |
| Adelaide | 4,819 | 2,451 | 1,457 | 1,898 | 4,066 | 14,691 |
| Canberra | 1,939 | 564 | 225 | 393 | 1,046 | 4,167 |
| Darwin | 163 | 115 | 91 | 171 | 910 | 1,450 |
| Hobart | 655 | 212 | 125 | 222 | 665 | 1,879 |
| National | 79,639 | 36,458 | 24,040 | 43,152 | 125,124 | 308,413 |
| November 2019 | ||||||
| City | < 30 days | 30-60 days | 60-90 days | 90-180 days | > 180 days | Total Listings |
| Sydney | 14,299 | 4,863 | 2,505 | 3,240 | 7,194 | 32,101 |
| Melbourne | 17,712 | 6,129 | 3,030 | 4,360 | 8,772 | 40,003 |
| Brisbane | 8,658 | 5,983 | 4,110 | 6,029 | 8,425 | 33,205 |
| Perth | 6,129 | 4,000 | 2,659 | 4,152 | 8,841 | 25,781 |
| Adelaide | 6,211 | 3,180 | 1,736 | 2,365 | 4,647 | 18,139 |
| Canberra | 1,948 | 703 | 451 | 546 | 1,350 | 4,998 |
| Darwin | 168 | 113 | 92 | 262 | 1,249 | 1,884 |
| Hobart | 801 | 291 | 192 | 332 | 772 | 2,388 |
| National | 82,529 | 42,837 | 27,948 | 45,195 | 140,462 | 338,971 |
Asking Prices
Capital City Average asking prices decreased 0.1% for houses but increased 0.3% for units over the month to 1st December.
Average asking prices are now $565,800 for units and $988,500 for houses. 
Compared to a year ago, the capital city asking prices posted an increase of 4.2% for houses but declined by 1.2% for units.
Over the month, Adelaide, Canberra and Darwin were the only capital cities to record asking price increases in both houses and units.
Sydney continues to record a decline in unit asking prices of 0.3% but recorded an increase of 1.6% for houses over the month.
Melbourne posted increases in unit asking prices of 1.4% but a 1.1% decline in house asking prices.
Perth and Hobart recorded declines in both house and unit prices over the month, 1.2% and 0.1% respectively for Perth, and Hobart declined 0.9% for houses and 1.4% for units.
Year on year, most capital cities recorded increases in house and unit asking prices with a significant increase of 19.2% in Hobart’s unit asking price. Darwin’s unit prices also increased by 13.4%.
Sydney’s unit prices declined 5.2% over the 12 months but house prices increased 5.5%.
