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SQM Research has released its Stock on Market report for December, which reports a massive 14.8% slump in property listings nationally over the month as well as a 12.0% decline over the year:
As shown above, all capital city markets experienced big falls in property listings.
Seasonality would obviously have played a big role in the decline in listings over December, given it is the start of the festive and summer holiday period, whereas November shows a surge in listings as vendors are keen to sell before the holiday season approaches.
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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.