Median Time to Sell a Home in Australia Increases Slightly While Prices Hold Firm
Selling conditions across Australia’s property market have shifted slightly, with the median time to sell a home in Australia increasing while prices remain strong.
Recent data from Cotality shows that the median time to sell a home in Australia rose to 30 days in the September quarter, compared with 27 days a year earlier. A longer selling period often suggests slightly reduced buyer urgency. However, the median vendor discount (the difference between a property’s listing price and final sale price) narrowed from 3.3% to 3.2%, showing that buyer demand remains solid and sellers continue to achieve strong results.
What This Means for Buyers
With the median time to sell a home in Australia rising, buyers now have a small window of opportunity to act strategically. While competition remains steady, the slightly slower pace allows more time to assess options carefully and negotiate fairly.
1. Get Your Finances Ready
Secure home loan pre-approval before beginning your property search. This not only shows sellers you’re serious but also positions you to act quickly when the right opportunity arises. In a market where timing matters, being prepared gives you a vital edge.
2. Know the Market
Research recent comparable sales in your preferred area. Understanding local trends and the median time to sell a home in Australia helps you make informed decisions, identify value, and avoid overpaying.
3. Be Realistic
Although homes are taking slightly longer to sell, most sellers remain in a strong position. Focus on value rather than unrealistic bargains. A well-priced, fair offer stands out and keeps negotiations smooth.
A Balanced Market for Buyers and Sellers
The slight increase in the median time to sell a home in Australia signals a more balanced housing market. Prices remain firm, and both buyers and sellers can achieve positive outcomes. Buyers who are organised and realistic can still secure great properties, while sellers can feel confident that steady demand continues to support home values.
Ready to make your move? Get pre-approved today and stay ahead in a competitive market.
