Hobart home listings trend lower
And there are fewer new listings coming through to fill the gap.
But this doesn't necessarily mean that budding buyers are starving for choice.
REA Group's June Listings Report showed a 18.1 per cent decline in new Hobart listings when comparing June to May.
Hobart was among five capital cities with a double-digit decline.
Compared year-on-year, new listings in June were 7.5 per cent lower.
Hobart's total listings figure was down by 8.1 per cent month-on-month and 6.4 per cent lower year-on-year.
In regional Tasmania, the annual total figure was 4.8 per cent higher. However, the new listings year-on-year result was 1.4 per cent behind 2024.
REA Group executive manager of economics, Angus Moore, said the market had entered the quieter winter season now, which is particularly pronounced in Hobart.
'This means we're seeing fewer new listings and less stock on the market,' he said.
'Even so, this June has been quieter than last year, and a bit quieter than average, though that comes off a busy first three months of 2025 and a busy spring last year.'
Mr Moore said while there are fewer homes for sale this year compared to June last year, that mainly reflects that there was quite a lot of stock last year, not that choice is more limited this year.
'In fact, even with the decline we've seen year-on-year, there is far more stock available for sale than was the case during the pandemic, or during Hobart's late 2010s home price boom,' he said.
'Barring last year, the last time there was this much stock available during winter was 2016.'
Meanwhile, SQM Research figures show 2931 listings across greater Hobart, including 559 that have been available for under 30 days.
There were only 249 in the 30-60 day bracket; 308 in the 60-90 day range; 594 listed for 90-180 days; and 1221 have been on the market for over 180 days.
Separate research by PropTrack shows houses in Hobart are selling 14 per cent faster now than they were a year ago (43 days on market), while units are selling 7 per cent faster (42 days).
REA Group senior economist Anne Flaherty said days on the market are a clear indicator of how demand is tracking in a suburb.
'Where we see demand tracking up, we see days on market going down,' Ms Flaherty said.
PropTrack statistics show the fastest moving suburbs in Hobart — for house sales — are Warrane (13 days), Glebe (18 days), Geilston Bay (20 days) and Mount Nelson (21 days).
For units, the quickest suburbs are Moonah (16 days), Oakdowns (20 days) and Mount Stuart (22 days).
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