Adelaide’s housing market has recently shown some weakness after a long run of steady and sustainable growth.
CoreLogic has released their newest housing market update for April 2019.
The March quarter saw dwelling values slide half a percent lower, however, local values remain almost one percent higher over the year.
The March data showed Adelaide as having the lowest median house value of any capital city, recorded at $460,600.
Such an affordable entry price to the market, at least relative to other capital cities, together with improving population growth and reasonably healthy economic conditions should help to keep a floor under Adelaide housing values going forward.
Homes are taking an average of 54 days to sell, up only slightly relative to a year ago when the average selling time was tracking at 49 days.
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