Sydney fresh stock down, but up on this time last year: CoreLogic

Sydney fresh stock down, but up on this time last year: CoreLogic
Sydney fresh stock down, but up on this time last year: CoreLogic

Fresh summer stock is down in Sydney, but late 2017 left overs remain at an elevated level.

There are 17,000 plus houses and units for sale across Sydney, up 31 percent one the same time last January.

There is a 40 percent drop in the number of Hobart listings, in the nation's hottest property market.

The Sydney housing market deterioration now also shows up in the median number of days on market for houses and apartments.

It has risen to between 45 to 47 days, albeit at the slowest time of year.

At the same time last year, houses were taking 35 days to sell, while units sold in 41 days.

Sydney fresh stock down, but up on this time last year: CoreLogic

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Capital Cities Corelogic

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