Property listings surged in November

SQM Research has released its Stock on Market figures for November, which revealed a big 6.3% jump in for sale listings over the month, although listings were still 6.3% lower than the same month last year:

As you can see, the rise in listings in November was broad-based, with everywhere rising except for Darwin. Likewise, listings are down everywhere from last years except in Canberra.

According to SQM:

November’s increase in listings indicates the return to a normal spring selling season. The rises were primarily driven by new listings. While old stock kept falling. This suggests to me that sales volumes are on the rise and that sellers are starting to respond to the rising market.

Leith van Onselen

Leith van Onselen is Chief Economist at the MB Fund and MB Super. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.

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