Latest Market Update
Market Update December Quarter 2014 Edition
The last quarter of 2014 has recorded a significant upswing from the traditionally flat results experienced in the previous three months. The onset of spring and summer and a continuation of historically low interest rates has resulted in an increase in sales and vendor and purchaser confidence said the Real Estate Institute of South Australia.
Following the release of the Valuer General’s median house price data for the 2014 December quarter, REISA President, Mr Greg Moulton said that the latest figures showed a 5% increase in volume of sales over the last quarter, a 3.16% increase in median price over the last quarter and a remarkable 3.91% increase in median price over the same period last year.
The median house price in Adelaide is now at $425,000 which is the highest recorded median on record. The change in median price over the last few quarters is fantastic and shows quite clearly the underlying strength of the property market.
Click here to download the December 2013 Market Update Report
Click here to download the September 2013 Market Update Report
Click here to download the June Sales 2013 Market Update Report
Click here to download the March Rentals 2013 Market Update Report
Click here to download the March Sales 2013 Market Update Report