Listings and asking house prices rise in February, SQM Research

Total Property Listings jump in February asking prices continue to rise, led by gains in capital cities

Key Points
• National residential property listings rose in February 2022 by 6.8% to 214,495 from
200,865 in January. Compared to 12 months ago, listings dropped 16.8%.
• Nationally, new listings (Less than 30 days) jumped 62.0% over February, with 79,715
new properties added onto the market. New listings are up 4.3% over the year.
• National asking house prices jump 22.5% over the year to 1 March 2022, while unit
prices gained 13.6%.


Figures released today by SQM Research reveal national residential property listings jumped in February 2022 by 6.8% to reach 214,495 properties, up from 200,865 in January. Across the nation, house asking prices in capital cities soared 22.1%, with especially strong rises in Canberra, Adelaide, Brisbane and Sydney as demand for property outstrips supply.

The largest monthly rises in property listings were in Canberra, Melbourne, and Sydney. Compared to 12 months ago, listings fell 16.8% across the nation, with especially large falls in Brisbane and Adelaide. Sydney saw a rise in listings as many vendors seek to take profits.

Nationally, new listings (Less than 30 days) jumped 62.0% over February 2022 to 79,715 properties on the market, to be up 4.3% over the year. The rise most likely reflects the opening of the new property year after the seasonal lull in activity over January. New listings rose the most in Canberra and Sydney, up by 86.1% and 81.0%, respectively. Over the year, new listings rose the most in Perth to be up by 18.7%.

Property listings over 180 days went down slightly by 0.6% in February 2022 and they are down 47.9% over the year, with falls, posted recorded in all capital cities except Darwin. This potentially indicates the market is still experiencing strong absorption rates.

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