"The number of newly advertised properties for sale has fallen by -5.2% over the past week, with new listings falling from their historic high levels. In the capital cities the drop was even greater with new listings down -6.5%.
The total number of properties advertised for sale across the country has fallen by -0.7% over the last week. Again the decline in total capital city listings has been greater than the fall across the country with capital city total listings falling by -1.4%.
Despite the falls in new and total listings, across the country they remain well above levels from 12 months ago. New listings are currently 34.9% higher than at the same time last year and total listings are 31.5% higher than last year."
Source: RP Data