Vendors need to realise market conditions are softening

The days on market metric provides an indication as to how quickly properties sold by private treaty are likely to sell.

The current data at a national and capital city level shows fairly steady days on market however, we are seeing diverging trends across the individual cities. 

At the end of 2017, properties sold by private treaty across the nation typically took 45 days to sell and across the combined capital cities they took 40 days to sell. Both the capital city and national measure has been reasonably steady over recent months however, the days on the market figure for each region was slightly 60 lower a year earlier. In December 2016 it typically took 44 days to 40 sell a property across the nation and 37 days across the combined 20 capital cities