Sales activity decreased 10 per centin Perth this week, with REIWA members reporting 716 transactions.
This decrease can be attributed to afour per cent rise in house sales, 25 per cent fall in unit sales and 39 percent fall in vacant land sales over the week.
Properties for sale
There were 10,798 properties for sale in Perth at the end of this week, which is oneper cent more than last week.
A closer look at listing stock levelsshows house listings remained stable, listings for units increased by two percent and listings for vacant land remained stable.
This week’s total figure is three per cent higher than levels seen four weeksago, but are 24 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were3,362 properties for rent in Perth at the end of this week, which isfive per cent less than last week.
This week’s rental listings figure is13 per cent lower than levels seen four weeks ago and are 51 per cent lowerthan levels seen a year ago.
View ourPerth Market Snapshotgraphfor a detailed breakdown of the past week.
