New property listings have fallen 9.7% nationwide, compared to the same time last year.
The latest REA Group Listings Report found that while March was stronger than it was in 2024, both April and May produced lower numbers than at the same time last year.
Regional areas struggled more than the nation's capital cities, seeing no monthly change but an annual decline of over 13%.
In capital city growth, Sydney led the charge with a 21.7% increase in new listings compared to April, but still 8.1% less than at the same time last year.
Canberra and Darwin also fared better than the month previous, with increases of 24.7% and 21.4% respectively, but declining annually as well.
Melbourne saw the biggest drop in annual numbers, at 11.8% compared to May 2024.
Adelaide and Perth were the only cities to see a positive number of listings year-on-year, sitting at 3% and 3.5%.
