Ensure you never miss an issue of the
real estate business bulletin
Stock on market up in November

Stock on market up in November

by Reporter 0 comments

Staff Reporter

Residential property listings increased substantially during November, according to SQM Research.

Figures just released show national stock levels increased by 6.3 per cent during the month, to a total stock on market figure of 369,057.

SQM Research noted there were five weekends during the month of November, but suggested the biggest factor in the increase of stock has been a later than usual ‘spring selling season’.

Managing director of SQM Research Louis Christopher said, “No doubt, the disruption of the election in September created a lag effect in listings which is coming through now, so it is no surprise listings had a large jump in November.”

According to Mr Christopher, the large volume of properties on the market contributed to a slight decrease in auction clearance rates in November, but this should not be a concern subsequently.

“Seasonally, listing activity is very strong in the later spring months and is the prime reason why there has been a dip in auction clearance rates in recent weeks. So for now I am not concerned about any new slowdown in the market,” he said.

Different markets continue to perform at different levels, with a 12.8 per cent increase in stock on market recorded in Sydney compared to just 3.8 per cent in Darwin.

Canberra and Melbourne both recorded double digit growth, at 11.5 per cent and 10.7 per cent respectively.

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; }
Stock on market up in November
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?