A month before Christmas, new listings have surged in capitals, an unusual sight for a generally slow month for residential activity.

The latest PropTrack Listings report from the REA Group found that new listings on realestate.com.au rose 12.5% ​​in November, hitting a multi-year high and marking the third straight month of double-digit gains.

Year-on-year, new quotes were 44.5% higher in November.

PropTrack economist Angus Moore said market activity continued to pick up in November as sellers made up for lost time after the lockdowns.

“In Australia’s capitals, the new quotations reached their highest level in ten years,” he said.

“This is a strong result for November, which is seasonally a bit weaker than October.”

“However, this year’s peak was pushed back by the delayed start to the spring sales season due to lockdowns.”

Due to the delayed start to the spring sales season, Mr Moore said December may be busier than usual, with sellers held back by lockdowns gearing up to make a sale before Christmas.

“While buyers and sellers take a break for the Christmas holidays, real estate markets will be calmer in the coming months.”

Mr Moore said sales conditions are likely to remain strong into early next year before easing from the high level of activity seen in recent months.

“Buyer demand metrics remain high, but eased slightly in November. At the same time, new offerings coming to market have given buyers more options to choose from than they have been for most of this year.” , he said.

Performance by city

Buyers in Sydney were given more options last month as the wave of new offers hit its highest level since 2015.

Sydney’s South West and Sutherland registered the highest growth in new offerings in the past month.

In Melbourne, new listings reached their all-time high after growing 11.2%.

Brisbane also welcomed more homes to the market this month, with new listings rising 14.4%, the highest since 2018.

The housing market was also busy in Adelaide, which reported a 23.9% increase in new listings – the highest growth in seven years.

New quotes also skyrocketed in Perth, growing 14.8% in the month to hit the highest level since 2014.

Meanwhile, Hobart reported the biggest gain at 42.4%, while Canberra registered 22.1% growth in new quotes.

Darwin reported marginal growth in new listings, up just 0.4%. Still, new listings in the city surpassed their 2020 level, up 68.9% per year.

Top Suburbs: Berala, Scarborough, Mt Colah, Nightcliff, Sth Toowoomba

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