Mixed results as property took longer to sell in July than in June in all state capitals: APM

The average number of days property is lingering on the market increased in all state capital cities in July, according to APM.

The increase was most dramatic in Hobart, where properties took an average of 185 days to sell in July, compared with 146 in June. 

Darwin in the Northern Territory was the only city where the average number of days on market was much the same over the two months, down just one day from 189 in June to 188 in July. 

The number of days property took to sell increased significantly in Brisbane (from 117 to 127 days) and Perth (from 117 to 126 days).

But smaller increases were recorded in Canberra (from 81 days to 82 days) and Sydney (from 88 to 90 days).

Melbourne showed a slighly slower momentum (up from 94 to 99 days) as did Adelaide (from 137 to 141 days). 

Source: APM