Property time on market rises

By Leith van Onselen

From Property Observer today comes new data from APM showing that the number of days taken to sell a home increased in the month of July across all of Australia’s state capitals, and has increased year-on-year across all capital cities:

Here’s the breakdown:

• Sydney: up 14% since July 2011 and by 43% since July 2010
• Melbourne: up 24% since July 2011 and by 80% since July 2010
• Brisbane: up 7% since July 2011 and by 63% since July 2010
• Perth: up 6% since July 2011 and by 42% since July 2010
• Adelaide: up 18% since July 2011 and by 44% since July 2010
• Hobart: up 46% since July 2011 and by 110% since July 2010
• Darwin: up 22% since July 2011 and by 111% since July 2010
• Canberra: up 15% since July 2011 and by 71% since July 2010