The number of new listings hitting the market in Adelaide is outperforming the national average, though activity in SA’s regional areas remain sluggish.
REA Group’s February Listings Report reveal the number of new listings to hit the marker in January were up 109 per cent on the previous month – eclipsing the national capital city average of 104.2 per cent.
Year on year, however, they are down 4.7 per cent – still less than the national average of a 6.5 per cent drop.
In terms of overall listings – those launched in January and those that were already on the market going into 2026 – Adelaide is down 4 per cent on the number of homes for sale in January, and down 11.1 per cent on this time last year.
Real Estate Institute of South Australia chief executive Andrea Heading said Adelaide’s strong price growth demonstrated particularly in the latest Valuer-General’s figures, showed supply and demand pressures were impacting all segments of the market.
“When you look at the number of suburbs with very low or no sales activity in Q4 2025, it tells a clear story about stock availability,” Ms Heading said.
REISA CEO Andrea Heading. Supplied
“Buyers are active, but there simply aren’t enough homes coming to market in many areas to meet that demand.
“This type of environment naturally supports prices.
“It’s not about rapid or artificial price growth it’s about limited supply interacting with steady demand, particularly in established and lifestyle-focused suburbs.”
Regionally, it’s slow going for SA.
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The number of new listings were down 7.9 per cent on those on the market in January, and also down 5.8 per cent on this time last year.
This compares with an overall national average of a 12.1 per cent increase in January, and a 10-.3 per cent drop year-on-year.
The number of total overall listings is also down 4 per cent month on month, and 11 per cent year on year.
This compares with a 3.7 per cent drop month on month, and a 14.5 per cent drop year on year.
The number of new listings is down across Adelaide. Supplied.
Data from FOUNDIT – a property market research company – that analysed agent-advised residential property sales recorded throughout 2025 has shown a mere 5.22 per cent of all sales in metropolitan Adelaide were in the sub-$500,000 price bracket.
The dominant price bracket was $750,000 to $1m, and accounted for 35.72 per cent of all sales.
It is closely followed by $500,000 to $750,000, comprising some 30.92 per cent of all sales.
Those looking to buy in $1m to $1.25m category had 13.12 per cent of Adelaide’s listings to pick from, while 6.91 per cent of all properties fell into the $1.25m to $1.5m bracket.
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Regional South Australia, on the other hand, offered far more choice to those on a budget, with 83.74 per cent of all 2025 sales under $750,000, and 51.67 per cent of these under $500,000.
Head of research Kent Lardner said in the report that the $500,000 to $1m mark price bracket was the true “engine room of the city”.
“This range continues to support detached housing and family-oriented stock within the metropolitan footprint, without requiring extreme
Suburb Trends founder Kent Lardner.
commutes or reliance on high-density apartments,” the report read.
“As a result, Adelaide avoids the twin pressures seen elsewhere: it does not need to push buyers far to the fringe, nor does it rely heavily on apartments to preserve proximity.
“It has endured because the city still functions as a housing market first, not a speculative asset market.
“The middle remains wide, the extremes are thin, and buyers face fewer forced compromises.”
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