More number of homes listed for sale in Adelaide Property market 2022

By Rishabh Dhall

Adelaide property market sees more homes on the market.
A new report shows Adelaide property market sees more homes on the market. The number of listings has risen whopping 34.21 per cent gain. This might indicate that selling your house in Adelaide may be easier than ever before and this is nothing like we have seen before. What do you think about this? Do you think it means more people are selling their houses to buy new ones? Do you think it means more people are selling their houses to move interstate or overseas?
The total volume of sales this quarter approached 8,000 which is an extraordinary result for South Australia.

What’s happening in the Adelaide housing market?

According to the report, number of new properties listed for sale on realestate.com.au were up 49.4 per cent, month on month, in January 2022, which is above average in recent years. There’s a lot of demand for properties under $1 million – we’re seeing first home buyers back in the game, looking at those entry-level properties close to jobs and schools.

What does this mean for sellers?

With no lockdowns on the immediate horizon, selling conditions are likely to remain strong over the next few months. The increase in listings can be attributed to the fact that homeowners are very keen to sell given the price growth.

Why are we seeing an increase?

The Adelaide property market is seeing an increase in sales due to a number of reasons. First, there are a lot of interstate buyers who have already purchased and relocated, and they’re coming back to Adelaide to purchase another home as an investment while they live at their overseas residence. As per the realestate.com.au, House-hunters across Adelaide had more options in January this year compared to last with an increase of 10.2%. The local house prices are increasing and pushing the boundaries but people are still interested and that’s a really amazing news in terms of economic development and future planning.