New data shows that homes in Australia are selling faster than they were pre-pandemic, driven by rising property prices and resilient buyer demand.

Nationally, houses took an average of 44 days to sell over the 12 months leading up to April, down from 64 days in 2019.

Despite an increase in interest rates, houses and units in Adelaide and Perth are selling faster than a year ago, while units in Brisbane are also being snapped up quickly.

According to PropTrack economist Angus Moore, Hobart currently has the fastest-selling properties among the capital cities, with houses taking a median of 29 days to sell and units taking 31 days.

Melbourne follows with houses selling in 36 days, while Brisbane houses took 39 days. Sydney houses took 42 days to sell, Adelaide houses found buyers in 43 days, and Perth houses took 45 days. Units in Brisbane sold in a median of 37 days.

The faster pace of sales is a reflection of the strong selling conditions experienced in spring 2021 to autumn 2022. While the current market may not maintain the same pace, it is still significantly faster than the pre-pandemic period in 2019, according to PropTrack.