Market Insights – Adelaide house prices fall for the first time since December 2015 – 01

A slight dip in Adelaide house prices have many owners asking if the market has peaked?

The month of September traditionally sees the market become more active with new listings hitting the market and buyers out in force. However, in a recent survey of real estate agents, 50% of respondents indicated that they are receiving fewer buyer enquires than normal.

Considering the perceived decline in buyer activity and the increase in stock hitting the market due to the commencement of Spring, these two factors alone could be what has driven Adelaide prices to fall for the first time since December 2015.

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DR

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