There has been an increase of 7.6% in residential property listings nationwide over November, SQM research has found.
The number of listings now sits at 272,645 properties, with the increase being led by a 6.4% rise in old listings (stock on the market for over 180) and a 22.6% rise in properties that have been on the market for 30-90 days.
There was a slight decrease in new listings over November (0.4%) which, according to the SQM research, is unusual, especially in Sydney (9.7% decrease) and Melbourne (2.7% decrease) and could indicate increasing owner caution in selling in a slower housing market.
Perth led the rise with a significant monthly increase of overall properties 20%, closely followed by Adelaide (16.7%) and Hobart (12.2%).
Darwin was the only city to see a decrease in listings (2.7%).
Over the past year to November, there was a national increase in listings of 10.4%.
This was led by the increases seen in Sydney (17.6%) and closely followed by Melbourne (16.8%), however, some cities saw a decrease including Perth (3.4%), Adelaide (2.9%) and Darwin (17.4%).
Core Logic found that Home Price Indices have halted with only a 0.1% increase across the nation's capital cities.
This is led by decreases in Melbourne (0.4%) and Sydney (0.2%).
Asking prices for houses and units nationally show mixed trends according to the SQM research, with houses decreasing by 0.2% and units increasing by 0.4%.
Across all capital cities, the average asking price decreased by 0.8% with housing prices dropping by 0.9% and unit prices decreasing by 0.7%.