Booming Sydney housing market surge out of lockdown

The hot Sydney housing market has surged over the past month following the easing of lockdown restrictions, with waves of buyers and sellers now engaging Australia’s strongest and highest-priced capital city.

Sydney houses are selling like hotcakes with the average time on the market falling to just 23 days over the past month – the lowest monthly result for the year and well below the 27.6% reported during the lockdown over August. Sydney also enjoys the fastest-selling housing market of all the state capitals and is well ahead of Melbourne’s 28.5 average days on market.

All Sydney regions have recorded sharp declines in the average time it takes to sell a house since lockdown restrictions eased. The top performance of the northern Beaches was just 18.5 average days on market, closely followed by the city and east at 18.9% days on market, the lower Northshore 20.4 and up on Northshore 20.7.