Adelaide’s housing market has remained reasonably steady with dwelling values unchanged over the September quarter and only 0.7% higher over the past twelve months.
CoreLogic has released their newest housing market update for October 2018.
A year ago, dwelling values were rising at the annual rate of 5%, highlighting that despite the steady quarterly result, conditions have clearly slowed relative to a year ago.
Despite the slower growth rates, homes are selling slightly faster than a year ago across Adelaide, implying a healthy balance between buyers and sellers.
Adelaide is also the only capital city to record a year on year rise in settled sales, up 2.5%, signalling an improvement in buyer activity that has supported the faster average selling time.
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