Key takeaways
In September: Adelaide dwelling values rose by 1.3%
Over the quarter: Dwelling values increased by 4.0%
Over the past year: Dwelling values increased by 14.8%
Adelaide dwelling values are currently at a record high
Adelaide housing values rose another 1.3% in September on par with a rise in August, with little evidence that growth conditions are starting to slow down, the 4% rise in values through the September quarter has added approximately $31,000 to the median value.
Listing numbers are starting to track a little higher, but with advertised stock levels holding 12% lower than a year ago and 33% below the previous five year average, the spring season remains in favour of sellers over buyers. Homes are selling with a median of just 26 days on market, down from 31 days a year ago.
Adelaide house prices graph
You may also want to read: National Housing Market Update
