Sydney units spending least time on market: RP Data

Sydney units are spending an average of just 49 days on the market before being sold - a stark contrast to the much longer waits for units in Adelaide, Darwin and Brisbane - according to the latest information from RP Data.

The figures for the week ending March 3 show Adelaide units spend an average of 95 days on market, while Darwin units spend an average of 91 days on market and Brisbane 88 days.

There is less variation among Australian capitals when it comes to house sales, with Brisbane houses spending an average of 87 days on market and Canberra houses spending an average of 65 days on market.

'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.