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Properties are selling at a faster rate than they were just 12 months ago.
CoreLogic’s latest days-on-market figures, show in September the average days on market nationally was 30 days, compared with 36 days in January 2023.
CoreLogic Head of research, Eliza Owen, says the market is in recovery mode and a sense of urgency has returned.
Owen expects market conditions to remain fairly stable until the end of the year.
She says some capital cities have even shorter days on market with Perth the lowest at 13 days, coming down from 19 days in January.
In Brisbane it takes on average 22 days to sell, Melbourne, 28 days and Sydney, 29 days.
Properties in Adelaide are selling within 30 days on average having been at 37 days at the beginning of the year.
Darwin, Hobart and the ACT have lifted the national average with it taking 59 days, 44 days and 42 days, respectively to sell.
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