Hobart houses sell faster but apartment sales drag: RP Data

The amount of time Hobart houses are spending on the market has dramatically shortened but units in the Tasmanian capital are taking more time to sell, according to the latest information from RP Data.

Hobart houses spent an average of 55 days on the market in the week to April 7, down from an average of 80 days in the week before.

Conversely, Hobart units spent an average of 83 days on the market in the week to April 7, up from an average of 59 days in the week before.

'Time on market' (TOM) is the average number of days between when a property is first listed for sale and the contract date.

The statistics are calculated across results received by RP Data over the past week and include properties transacted over the past four weeks. The data is based on private treaty sales only and records without a valid sale price have been excluded from the vendor discount analysis.

The analysis also excludes results where there are less than 10 observations.