The Highlights:
- Interest rates are trending up
- New listings up 14% year-on-year, available stock up around 3%
- It’s still a solid season for sellers
The Details:
If we had to summarise the market right now, it’s this: Inflation remains sticky and interest rates are trending up.
We’re sitting at over 14% new listings being advertised year-on-year in the Adelaide Hills market. The more interesting data point here is that available stock is up about 3%, meaning that while there’s new stock coming in, buyers are still flocking and making fast purchasing decisions.
For sellers, it’s still a great time to put your house on the market.
This is reinforced and reflected in Adelaide’s performance, too. The Adelaide market is up 12% year-on-year and still showing healthy growth. Adelaide is one of only three capital cities that can boast that claim, as other areas are starting to stagnate.
If you’re planning a big move this winter, whether selling or buying, please reach out.
In case you missed some of our top resources in the past month, here they are.
