Key takeaways
In January: Adelaide dwelling values rose by 0.7%
Over the quarter: Dwelling values increased by 1.8%
Over the past year: Dwelling values increased by 12.7%
Adelaide dwelling values are currently at a record high
The pace of growth in Adelaide home values has been more resilient than most markets, although the rate of growth is easing. With a 0.7% rise in values in January and up 1.8% over the past three months, Adelaide has overtaken Perth to record the highest rate of growth across the capital cities.
highest rate of growth across the capital cities. Strong conditions are supported by ongoing low levels of supply where listing numbers remain 4.3% lower than a year ago and 41% below the previous five year average. With such low stock levels, homes are continuing to sell rapidly with a median of 29 days on market lower than the 31 day median at the same time last year.
Adelaide house prices graph
You may also want to read: National Housing Market Update
