PHOTO: It is typical to record a slight decline in listings in October after an initial spring jump in September

New figures from SQM Research show that listings are performing as per seasonal trends with a decline of 0.3 of a percentage point recorded for October, down to 335,014, but one standout capital city market saw a notable rise.

Property listings continued their rise from last month, increasing by 2.4 per cent and growing by 18.2 per cent from a year ago.

Canberra is also seeing a rise in listings, up by 10.3 per cent for the month and 17.9 per cent for the last year.

Melbourne saw a rise of 5.9 per cent, which resulted in Melbourne’s listings for this time last year to be up by nearly a quarter at 24.3 per cent.