Sales activity was stable in Perth last week, with REIWAmembers reporting 1,017 transactions.
This stability can be attributed to an eight per cent increase in house sales, a five per cent decline in unit sales and a 37 per cent decline in land sales.
Properties for sale
There were 8,550properties for sale in Perth at the end of last week, which is one per cent more than the previous week.
A closer look at listing stock levels shows house listings increased by two per cent, unit listings increased by one per cent and vacant land listings were stable.
Last week’s total figure is on par with levels reported four weeks ago and 18 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,237properties for rentin Perth at the end of last week, which is two per cent less than the previous week.
Last week’s rental listings figure is two per cent lower than four weeks ago and 22 per cent lower than the same time last year.
Leasing activity increased eight per cent in Perth last week, with REIWAmembers reporting 691 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.