Here are the top 5 SA suburbs with the shortest days on market based on the latest capital city data relating to the average number of days it takes to sell a residential property.
The average time on market figure is measured by the difference between the initial listing date of a property for sale and the contract date. The figure is valuable because it highlights the rate of sale in a market.
With home values continuing to rise and interest rates remaining low it is reasonable to expect that homes will continue to sell relatively quickly over the coming months. The amount of stock for sale in most cities is lower than at the same time last year which also tends to create a level of urgency in the market for buyers.
Source: CoreLogic RP Data