Theresa Worrell: Adelaide Housing Market Update

Value growth has remained in mild positive teritory across Adelaide.

Core Logic has released their newest housing market update for June 2018.

Although the CoreLogic index jumped half a percent in May, the first five months of the year have seen the market remain virtually flat, with dwelling values up only 0.1%.

Advertised stock levels have reduced by almost 6% relative to the same time a year ago, which is supporting stronger selling conditions and a subtle improvement in the average selling time, reducing from 43 days a year ago to 41 days in 2018.

Another indicator pointing towards better selling conditions is the rate of vendor discounting which has also posted a subtle improvement, reducing from 5.9% a year ago to 5.8%.