Hobart listings rising ahead of spring selling season – realestate.com.au

News Corp Australia Network

No.2/275 Clarence St, Howrah is for sale with Fall Real Estate, priced at $875,000-plus.

---

WHEN buyers are hunting for a home, the more the choice the better.

In PropTrack’s June Listings Report, Hobart buyers were up against a deteriorating number of properties for sale.

The month-on-month number of new homes listed for sale was down by 25 per cent and the year-on-year figure was no better with 22 per cent fewer homes for sale.

However, the Hobart market appears to have made a positive turn with spring just around the corner.

PropTrack economist Angus Moore’s latest look at listings showed Hobart had reversed the declines.

New home listings increased in July.

---

In July, the city recorded a 12.4 per cent increase compared to June. It also recorded a 0.5 per cent annual change, meaning there are almost exactly as many homes for sale now as there were a year ago. A solid turnaround rather than a double-digit slide.

MORE: Sandstone mansion a hit with buyers worldwide

Hobart’s $40k home price decrease forecast

Analysing the total number of July listings, Mr Moore found the number of properties listed for sale in Hobart was 37.9 per cent higher than a year ago.

“While activity in Hobart’s property market has slowed from the pace set through 2022, that busy period of new properties hitting the market means there is still a substantially higher number of properties on the market than there was throughout much of the pandemic when choice was extremely limited,” he said.

PropTrack economist Angus Moore.

---

In regional Tasmania, new listings were down by 12.5 per cent monthly and 24.4 per cent lower annually.

Total listings also struggled monthly with a 2.5 per cent dip. But compared to last year, total listings across regional Tassie were 34.9 per cent higher.

Of the regional areas, only country Victoria had a larger annual percentage of change.

MORE: Rockliff family’s former farm for sale

Home location picked by vibe not hearsay

Petrusma Property has No.3 Wyndham Rd, Claremont on the market for $595,000-plus.

---

Meanwhile, the Hobart suburb with the largest change in new listings YoY was Eastern Shore hub, Howrah, which was up by 58 per cent. There are currently 25 Howrah houses and eight units for sale.

The next biggest movers were Claremont, up by 50 per cent, Blackmans Bay 36 per cent, and Glenorchy 26 per cent.

“Activity is likely to continue increasing over the next few months as we head into the spring selling season, with activity likely to peak over October and November,” Mr Moore said.