Theresa Worrell: Adelaide Housing Market Update [video]

The Adelaide housing market is living up to its steady reputation with values holding firm over the month and increasing by 1% over the past twelve months.

CoreLogic has released their newest housing market update for March 2019.

While this may seem like a weak result, compared to other capital cities, Adelaide has been one of the best performing markets while most other cities are generally recording declines.

Settled sales activity is tracking slightly above the decade average and homes are taking roughly the same number of days to sell as they were a year ago.

Why is the Adelaide market holding firm whil most others weaken — generally it comes back to affordable housing prices, a healthy balance between demand and supply and mildly positive economic conditions.