Are you ready for a transitioning real estate market?

Earlier this year we predicted a cooling in the housing market. Well it seems that it has arrived in Adelaide and its happening now. We have now entered a transitioning market.

What are the signs;

  • September quarter figures show a drop of 0.3% in SA property prices. Might not seem like much but it’s the first drop since December 2015.
  • October figures remained stagnant with zero growth
  • Stock levels are up 8% from this time the previous year. Meaning that supply is up and demand is declining.

Brisbane and Adelaide home values did not move in the week to November 5 and have only risen 0.1 per cent over the past month, according to preliminary figures released by property data group Core Logic on Monday

The slowdown is definitely on.

DR

 

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