Nationally, houses took an average of 44 days to sell over the 12 months to April, nine days longer than the previous year, but down from 64 days over 2019, as the market returns to more typical conditions.
Despite a steep rise in interest rates since this time last year, analysis by PropTrack has revealed houses and units in Adelaide and Perth are selling faster now than they did a year ago, while units in Brisbane are also being snapped up quicker.
PropTrack economist Angus Moore said the fact that properties are taking longer to sell now than they did across 2021 and 2022 was due to the impact of interest rate rises on buyer demand, and the increase of properties on the market over the past 12 months.
"Market conditions are less competitive," he said.
In March, there were around 8% more properties for sale around the country than in March 2022.
It's also little surprise that homes are selling faster than they were pre-pandemic in 2019, Mr Moore added.
"There was more stock back then, particularly in some regional areas, but 2019 was a fairly weak year for property markets.
"By contrast, spring 2021 through to autumn 2022 saw very, very hot periods for selling conditions and for prices. It's unsurprising we haven't maintained that pace."
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