Adelaide's housing market has been relatively resilient to price falls so far.

Although January did mark the sixth month in a row where dwelling values had fallen, the monthly falls have been substantially milder relative to Sydney, Melbourne, and Brisbane.
This is starting to transpiration a little though, with the pace of declines progressive from month to month, reaching a -0.8% fall in January.
Despite this, Adelaide stands out by some margin as recording the largest wanted gains since the onset of COVID, with dwelling values 41.1% whilom what they were in March of 2020.
You may moreover want to read:
National Housing Market Update [Video]
Perth Housing Market Update [Video]
Sydney Housing Market Update [Video]
Brisbane Housing Market Update [Video]
Melbourne Housing Market Update [Video]