Lockdowns drag capital city listings even further down
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The latest wave of localised lockdowns has led to significant falls in property listings across affected areas, new data has shown.
The latest figures from SQM Research have revealed that while national residential property listings rose by 1.1 per cent over July, listings are still down by 23.6 per cent on the same time last year.
Just 238,834 homes were on the market over July.
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Month on month, Sydney and Adelaide saw the largest declines in property listings as the latest lockdowns disrupted the markets, with monthly declines of 5.1 per cent and 1.4 per cent, respectively.