SQM Research today released stock on market figures for the month of January, which reveals an ongoing reduction in the number of homes for sale nationally. According to SQM, for sale listings fell by -1.9% over the month of January and were -2.9% lower than the same period last year (see next table).
The divergence between Australia’s two largest cities – Sydney and Melbourne – continues, with Sydney stock levels falling sharply over the year (down -13.1%), whereas for sale listings in Melbourne have risen (+1.8% year-on-year). And while the overall number of listings in Sydney is well down compared with recent history, Melbourne’s listings remain highly elevated (see next charts, with houses in blue and units in purple).
Elsewhere, listings remain fairly elevated in Adelaide, Canberra, and Hobart:
But remain fairly tight in Perth, Brisbane and Darwin: