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Properties are selling in faster time, in another sign the market is turning increasingly in favour of vendors.
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The median time it took for properties to sell in April was 29 days in capital cities (down from 34 days the month before) and 44 days in regional markets (down from 50 days), according to CoreLogic.
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Days on market fell in most capital cities between March and April:
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* Perth = from 23 to 18 days
* Brisbane = from 34 to 28 days
* Melbourne = from 34 to 30 days
* Adelaide = from 36 to 30 days
* Sydney = from 39 to 33 days
* Hobart = from 42 to 41 days
* Canberra = from 50 to 43 days
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The one exception was Darwin, where days on market rose from 68 to 70 days.
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When days on market are falling, that means buyer competition is rising, which puts upward pressure on prices.
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