South Australia's housing market has showcased its resilience in the median house price data for March 2019 quarter, with the median price continuing to hold its record-breaking position from the last quarter.

The figures reflect a median house price of $480,000, which signals a 0.63% increase from the previous quarter and 2.99% from the same period last year.

Speaking about the Valuer-General’s median house price data for the 2019 March quarter, REISA President Brett Roenfeldt said it was "great news" that the record-breaking median price from last quarter had been equalled again this quarter.

At a glance: 

• South Australian median house price data for the March 2019 quarter has shown the median house price has held its ground at $480,000
• In the March quarter, 3, 584 houses settled across the Adelaide metropolitan area which is down from the previous quarter and down from the same quarter last year.
• The suburbs of Gulfview Heights, Somerton Park and Noarlunga Downs have seen the highest growth over the 12-month period.

"The continuing rise in the median price through every quarter in the last few years in a testament to the underlying strength of the Adelaide real estate market," he said.

"Purchasers are clearly willing to pay a premium price for a property that is realistically and transparently priced and offers a great opportunity for investment and development.

“We are delighted with these latest results especially given that we are heading into a Federal election. 

In the March quarter, 3, 584 houses settled across the Adelaide metropolitan area which is down from the previous quarter and down from the same quarter last year.

180218-rowlands-place-adelaide-2b803ba0-d944-4bb0-aecf-61e4f5ac0f19.jpg

The view from 1802/18 Rowlands Place, SA, 5000. As seen on Luxury List.

Sales across the entire state were down from the previous quarter and the same quarter last year. 

Mr Roenfeldt said while they would have liked to have seen more sales in the quarter, there had always been a "seasonal variability" in the results.

“The first quarter always sees a downturn in sales figures from the last quarter of the preceding year," he said.

"These sales are solid."

Suburbs which have seen the largest growth over a 12 month period, according to the data, were Gulfview Heights, Somerton Park and Noarlunga Downs. Other big movers included Brighton, Plympton and Highbury. 

Top selling suburbs in terms of recorded sales over the March quarter were the perennial Number 1, Morphett Vale, Hallett Cove and Aldinga Beach. 

The March quarter statistics showed that the growth in the South Australian median price was 0.36% up from the previous quarter and up 2.38% from the same quarter last year. 

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