Adelaide recorded one of the biggest drops in listings in December of any capital city, new data shows.
According to REA Group’s January Listings Report, the number of new listings to hit the market in December was down 61.7 per cent on those launched in November.
This is the third biggest decline in the country, trailing just behind Sydney where new listings dropped 64.7 per cent, and Melbourne, where listings dropped 62.3 per cent.
Listings were up 1.8 per cent on December 2024, however and ahead of the national average of 1.4 per cent.
REA Group Angus Moore
Report author and REA Group senior economist Angus Moore said December had performed largely as expected.
“National new listings were lower in December compared to November for the seasonally quiet end-of-year break, but were in line with volumes recorded in December 2024,” he said.
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New listings in regional SA fared better, on the nother hand, dropping by just 13.2 per cent on those released in November – significantly outperforming the national regional average of a 29.6 per cent drop.
Year on year, these figures were up 3.1 per cent, again ahead of a national average of a 1.4 per cent drop.
Aerial view of Adelaide CBD. Picture: Supplied
In terms of the number of total listings on the market – both new and those that were already on at the start of the month – Adelaide recorded the second-highest drop month-on month of 22.2 per cent.
This is just. 0.3 per cent behind Sydney’s drop of 22.5 per cent.
Year on year, the number of total listings has declined by 8.7 per cent, making it the third most stable market after Sydney (down 3 per cent), and Canberra (down 5.3 per cent).
“The total volume of listings nationally was down 12 per cent Year on year, with declines across all markets,” Mr Moore said.
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“While Sydney and Melbourne recorded fewer total listings on market than at the end of 2024, choice was still above average for the typically quieter end-of-year period.”
Turner Real Estate managing director Lachlan Turner said the market was extremely tight.
Turner Real Estate managing director Lachlan Turner
“Despite affordability challenges, the ongoing shortage of homes is outweighing the impact of higher interest rates.
“For sellers, this means strong conditions and premium results.
“For buyers, preparation and swift decision-making remain essential.”
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