{"id":18737,"date":"2019-05-11T09:11:45","date_gmt":"2019-05-10T21:11:45","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=18737"},"modified":"2019-05-11T09:11:45","modified_gmt":"2019-05-10T21:11:45","slug":"sydney-vendors-sit-on-their-hands-taking-new-listing-numbers-back-to-2004-levels","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/sydney-vendors-sit-on-their-hands-taking-new-listing-numbers-back-to-2004-levels\/","title":{"rendered":"Sydney vendors sit on their hands, taking new listing numbers back to 2004 levels"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0The number of Sydney houses hitting the market has plummeted to levels unseen since 2004.\u00a0<span class=\"photographer\">Photo:\u00a0Peter Rae<\/span><\/strong><\/p>\n<p class=\"first-para\">The number of Sydney houses hitting the market has plummeted to levels unseen since 2004 as homeowners sit on their hands rather than brave the downturn.<\/p>\n<p>New house listings in the three months to April fell 21.5 per cent compared to the same period last year,\u00a0according to Domain data, and the number of new apartments dropped 24.2 per cent.<\/p>\n<p class=\"p1\">\u201cVendors are playing this watch-and-wait game,\u201d said Domain senior research analyst Nicola Powell. \u201cIf they don\u2019t need to sell they won\u2019t. They are holding tight.\u201d<\/p>\n<p>While the number of new listings has fallen, longer sales campaigns mean overall stock levels are up 1 per cent in the past three months year on year, with almost 44,000 Sydney properties on the market.<\/p>\n<p>READ MORE<a href=\"https:\/\/www.domain.com.au\/news\/fewer-properties-hitting-the-market-as-homeowners-hold-back-835831\/?utm_campaign=strap-masthead&amp;utm_source=smh&amp;utm_medium=link&amp;utm_content=pos5&amp;ref=pos1\"> DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0The number of Sydney houses hitting the market has<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/sydney-vendors-sit-on-their-hands-taking-new-listing-numbers-back-to-2004-levels\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":18738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098519,478098535,478101414,478098556,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098536,478100452,478098618],"class_list":["entry","author-data123nz","post-18737","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-home-ownership","tag-house-prices","tag-new-listing-numbers","tag-nsw","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-sydney","tag-sydney-houses","tag-sydney-property"],"yoast_head":"<!-- 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