The October listings surge backs off in November: SQM Research

The October listings surge backs off in November: SQM Research
The October listings surge backs off in November: SQM Research

The number of national residential listings fell 0.4% from October to November, according to new figures from SQM Research.

Listing numbers in Adelaide, Melbourne and Canberra had a monthly rise with falls recorded for Darwin, Sydney, Perth and Brisbane.

SQM Research managing director Louis Christopher said Sydney residential property listings weighed down the national figure this month. 

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The October listings surge backs off in November: SQM Research

"It is a little abnormal to record falls in listings during November as the annual spring selling season reaches a peak during this month. Nevertheless we were expecting a pullback of sorts due to the massive surge in listings recorded in October," he said.

"Overall I think it is a mixed property market and nothing released today has changed my view on this.

"Sydney experienced a yearly rise of 11.8%, with residential property listings climbing from 25,577 to 28,597. Darwin also experienced excessive yearly growth with sale listings up 11.4% based on a total 2,042 listings. These figures indicate that the number of property sellers in both residential markets has increased."

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The October listings surge backs off in November: SQM Research

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Property market Residential Listings

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