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SQM Research has released its Stock on Market results for May, which recorded a lift in listings “driven by older stock not selling”:
Figures released today by SQM Research reveal national residential property listings increased in May by 3.9% from 292,775 listings in April 2020 to 304,137. Compared to 12 months ago, listings were down by 12.0%.
All capital cities experienced increases in property listings over the month except for Canberra which posted a marginal 0.8% decrease…
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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.