Ensure you never miss an issue of the
real estate business bulletin
Residential listing numbers jump in March

Residential listing numbers jump in March

by Reporter 0 comments

Simon Parker

Online residential listing numbers continued to rise across all major capitals in March, led by an 11.9 per cent on-month jump in Melbourne, new data shows.

“Listings have increased substantially in March, almost to the point where they were in November 2011,” according to the managing director of SQM Research, Louis Christopher.

“Now there is yet some seasonality in these numbers, however the reality is that there are an elevated number of listings in the market place to the point where we simply cannot see any current recovery taking place.”

Figures released by property research house SQM Research showed that residential listings increased during the month of March 2012, coming to a national total of 387,958 - a monthly increase of 5.4 per cent.

This figure represents a four month high in stock levels, with every capital city experiencing a monthly increase in residential sales stock. Melbourne and Sydney recorded the largest monthly increases with stock climbing 11.9 per cent (to 50,840) and 10.9 per cent (35,301) respectively during the month of March.

Year-on-year, stock levels have recorded a 9.3 per cent national increase – up from last month’s 7.7 per cent yearly increase, yet still modest compared to previous corresponding periods in recent months.

No capital cities recorded monthly declines, however Darwin recorded the smallest monthly increase in stock levels, rising by 2.4 per cent during the month of March and coming to a total of 1,324. Hobart recorded the largest yearly increase, rising by 34.7 per cent since March 2011 and coming to a total of 4,676.

Adelaide booked a 4.8 per cent on-month rise in listing numbers (to a total of 18,000); Brisbane was up 4.6 per cent (29,552); listing numbers in Canberra rose 6.1 per cent (2,079); and Perth posted an increase of 3.8 per cent (19,877).

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Residential listing numbers jump in March
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?