Theresa Worrell: Adelaide Housing Market Update [video]

Adelaide housing values held firm in September as the market stabilizes following a soft patch where values slipped lower over six of the past nine months.

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

Values are down 0.6% over the September quarter and 1.1% lower over the past twelve months.

Steady values are being accompanied by a rise in buyer activity amidst relatively low listing numbers.

With buyers more active and a 7% reduction in new stock being added to the market compared with the same time last year, buyers are likely to be facing some competition which is likely to support a gradual rise in Adelaide housing values.