neighbourhood sky
There are fewer listed properties compared to this time last year. Photo: Matt Donders, Unsplash
  • SQM data shows there were 265,116 listings nationally in January 2021, compared to 296,161 last January
  • Overall fewer houses in the more than 180 days on market range
  • Outside of Sydney units, all capital cities saw an increase in house and unit asking prices

Data from SQM’s national property listings for January 2021 has shown the number of properties spending more than 180 days on the market has declined.

In January 2021 there were 265,116 total listings, with 101,095 of these being on the market for more than 180 days. January 2020 saw 296,161 total listings with 129,495 having been listed for more than 180 days, representing a similar trend.

 

days on market jan21 sqm
Days on Market Jan 21 data, SQM Research, used with permission

December 2020 saw a similar number of houses being on the market for more than 180 days however overall saw a higher number of total listings at 272,999 but most notably 66,371 houses had been on the market for less than 30 days in contrast to January 2021 when 50, 37 had been there for less than 30 days.

Overall, this shows a skew towards shorter times on the property market although it is common for more than a third of properties to be on the market for more than 180 days.

Asking prices higher year-on-year

Although capital city asking prices declined by 0.7 per cent over the month to 2 February 2021, unit asking prices increased slightly by 0.2 per cent.

In comparison to last year, the asking prices for houses in the capital cities increased by 2 per cent but units saw a 2.1 per cent decrease, fuelled by 6.5 per cent drop in asking unit prices for the Sydney market.

Notably, outside of Sydney, 12-month changes for both house and unit prices were all positive with units in Darwin seeing a 20 per cent increase to their asking prices and Hobart houses recording a 11.3 per cent increase.

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