As the traditional spring selling season draws to a close, Adelaide property continues to demonstrate a robust blend of growth and resilience.

This dynamic is reflected in our recent results at TOOP+TOOP, as well as in the broader market trends specific to Adelaide and its comparison with other Australian cities.

Adelaide's property market showed continued strength last month, with dwelling values rising by 1.2 per cent, according to the most recent data from property market analyst CoreLogic.

This increase contributes to a broader pattern of growth, including a 3.9 per cent rise over the quarter and a significant 7.6 increase over the past year. These figures are particularly striking, as they place Adelaide's property values at a record high.

This sustained growth, indicative of a strong demand for property, is especially relevant for sellers in the current market.

The time it takes to sell properties in Adelaide, while slightly increased, mirrors a nationwide trend. Despite this slight uptick, it's worth noting that the selling times are still significantly lower than pre-COVID levels, indicating that the market, while experiencing some softening, remains fundamentally strong.

In terms of listings, Adelaide's market dynamics are distinct when compared to national trends.

While new listings have seen a seasonal slowdown nationally, the Adelaide market has been relatively more resilient.

The flow of new listings in Adelaide has been closer to the historic five-year average than in many other Australian cities, suggesting a healthier supply in the local market. However, total listings are still below the historic five-year average, a trend consistent nationally.

This suggests that while Adelaide's market is experiencing a gradual increase in inventory, it still faces a competitive environment due to limited overall supply.

This is an important factor for buyers and sellers to consider, as it influences both property availability and pricing dynamics.

TOOP+TOOP's performance last month, with 62 sales at an average price of more than $1.21 million and an average of 23 days on the market, underscores the agency's success in navigating this competitive landscape. These results, combined with a significant social media reach of more than 400,000, highlight our ability to effectively market properties and achieve desirable outcomes for our clients.

As we move out of the spring season, the Adelaide property market remains an attractive space for investors and homebuyers. The combination of sustained value growth and relatively sparse listing levels presents a nuanced yet promising market landscape.

TOOP+TOOP continues to leverage these trends, utilising our deep understanding of the local market to facilitate successful transactions, ensuring our clients capitalise on the opportunities available in Adelaide's dynamic real estate market.