๐๐ฎ๐๐ ๐ผ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฎ๐ป๐ด๐ฒ ๐ณ๐ฟ๐ผ๐บ ๐ญ๐ด ๐ฑ๐ฎ๐๐ ๐ถ๐ป ๐ฃ๐ฒ๐ฟ๐๐ต ๐๐ผ ๐ฑ๐ฌ ๐ถ๐ป ๐๐ผ๐ฏ๐ฎ๐ฟ๐
Property sales are speeding up in some capital cities and slowing down in others, according to new data from CoreLogic, reflecting different market conditions.
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Days on market โ which refers to the median time to sell a property โ was 29 days in the combined capitals in the June quarter (see graph).
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Compared to the May quarter, days on market increased in four capital cities, decreased in three and was unchanged in one:
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* Adelaide = 30 days in June (was 28 days in May)
* Melbourne = 31 days (30)
* Canberra = 48 days (44)
* Hobart = 50 days (46)ย
* Brisbane = 27 days (28)
* Sydney = 32 days (33)
* Darwin = 50 days (52)
* Perth = 18 days (18)
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Days on market falls when a market heats up and rises when a market cools down.
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