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The Adelaide market got off to a roaring start in 2014, recording the strongest March quarter sales in five years according to RP Data.
In the three months leading up to March, the city recorded 4802 house sales, a 13.6% increase on the same period last year. Unit sales are up 2.4% on the 2013 March quarter.
“March 2014 managed to record the strongest first quarter for house sales since 2009, and the strongest for units since 2010,” RP Data research analyst Cameron Kusher said. However, he said sales were down slightly from the December 2013 quarter.