Winter months see property linger on the market for longer: APM

Winter months see property linger on the market for longer: APM
Winter months see property linger on the market for longer: APM

The number of days property is lingering on the market before sale is increasing in most capital cities around the nation, according to Australian Property Monitors.

Over the month of August, Brisbane increased the most, spending an average of 122 days on the market, the highest month since January at 128 days.

In July, Brisbane property was spending an average of 104 days on the market.

Perth property stayed on the market longer throughout August, increasing from an average of 77 days in July to an average of 90 days in August.

Melbourne property sold faster in the month of August than it did earlier this year, peaking in the month of January at an average of 112 days on the market.

Melbourne propertys average time on the market stayed relatively stable in August at 95 days, a slight increase from July at 93 days.

Sydney has remained the snappiest city for the second month in a row, with an average of 73 days on the market.

Sydney also peaked in January this year at an average of 93 days.

heat-chart-aug-28-one

Nicola Trotman

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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