Home buyers in driver’s seat as median selling time balloons

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By Leith van Onselen

CoreLogic’s latest Quarterly Housing Market Review included the below chart showing that the typical capital city home took 67 days to sell compared as at March 2019 versus 40 days at the same time in 2018:

Now, CoreLogic’s Cameron Kusher has released additional analysis on the median time on market across Australia’s various markets, which suggests that “buyers are in the driver’s seat”:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.