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Adelaide Housing Market Update [video] | May 2022

Adelaide topped the capital city growth tables in April with housing values rising by 1.9% in the month, adding approximately $11,5000 to the value of the typical dwelling.

Adelaide Housing Market Update | May 2022

Adelaide home buyers continue to face significant stock shortages, with advertised listings remaining more than 40% below the five-year average.

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At the same time, our estimate of home sales over the past three months was tracking 40% above the five-year average.

It's this disconnect between available supply and housing demand that is continuing to drive up prices and will probably insulate Adelaide's housing market from lower prices, at least while supply is being outweighed by demand.

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The strong selling conditions are also evident in consistently high auction clearance rates which have remained around the 80% mark through April.

You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Sydney Housing Market Update [Video]

Brisbane Housing Market Update [Video]

Melbourne Housing Market Update [Video]

About Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
6 comments

Raj part of our Strategic Property Planning process at Metropole would be to run these numbers for you - this is a fee based service but it could either save you or make you a lot of money - find out more here ...Read full version

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Hey Michael, you are right. I am worried if someone did a inspection in a tougher market they can ask for significant reduction similar to how I bought the first time. Guess wouldn't mind to run the numbers but how to start? Also the location is grea ...Read full version

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Rajkumar -it makes little sense to go to the expense of buying and selling a property because you would "feel better" – that's an emotional reason. At Metropole we run the numbers and figures to ensure this is made on evidence – the results are too i ...Read full version

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