Sales activity increased three percent in Perth last week, with REIWAmembers reporting 918transactions.
This increase can be attributed to anine per cent rise in house sales, two per cent rise in unit sales and 28 percent fall in vacant land sales over the week.
Properties for sale
There were 10,237 properties for sale in Perth at the end of last week, which is inline with the previous week.
A closer look at listing stock levelsshows house and unit listings remained stable, while listings for vacant landincreased by one per cent.
Last week’s total figure is one per cent lower than levels seen four weeks agoand are 29 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were2,864 properties for rent in Perth at the end of last week, which is twoper cent more than the previous week.
Last week’s rental listings figure isone per cent lower than levels seen four weeks ago and are 54 per cent lowerthan levels seen a year ago.
View ourPerth Market Snapshot graphfor adetailed breakdown of the past week.
