Stock listings declined in October according to SQM Research.
In Sydney, total listings declined by 7.3 per cent from a year ago, and remain well below the levels seen in 2011 and 2012.
Source: SQM Research
Louis Christopher of SQM Research noted that:
"The shortage of properties for sale in Melbourne and Hobart is creating upward pressure on property asking prices, while growth in asking prices has cooled slightly in Sydney.
Quite frankly to see listings fall during what is normally a month that records seasonal surges, is a concern."