The Adelaide housing market held firm in August with dwelling values unchanged over the month and at 5.2% over the past 12 months.
While capital gains remain relatively sedate across Adelaide compared to a year ago, housing markets have shown an improvement.
National dwelling values remained flat during August, with capital city values edging 0.1% higher.
Simultaneously, regional dwelling values slipped 0.2% lower.
This steady result provides further evidence that the housing market has moved through its peak growth phase.
In Adelaide, the annual rate of capital gains from a year ago have almost doubled from 2.2% a year ago to 5.2% over the last 12 months.
Homes are selling faster, averaging 49 days and vendors are discounting the prices, which plies that selling conditions have tightened.
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