Anyone in search of property in Adelaide last month should have found they had more choice, as figures show that stock levels increased across the city.
Statistics from SQM Research show that this was a trend that emerged throughout the country, with national stock listings experiencing a rise of 6.3 per cent.
In the South Australian capital, a total of 17,776 properties were listed for sale in November, marking a 6.6 per cent rise from the 16,668 recorded in the previous month.
SQM Research pointed out that each capital city will tell its own story, with the national figure only reflecting the state of the overall market.
Managing director Louis Christopher commented: “No doubt, the disruption of the election in September created a lag effect in listings which is coming through now so it is no surprise listings had a large jump in November.
“Plus, we also had five weekends during the month which added to our monthly counts.”
No capital city registered a monthly decline in its stock levels, showing that strength is returning to the market after a turbulent 2013 – it remains to be seen whether this will continue into the new year.
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