Sales activity increased one per centin Perth this week, with REIWA members reporting 900 transactions.
This increase can be attributed to asix per cent rise in house sales, four per cent fall in unit sales and 20 percent fall in vacant land sales over the week.
Properties for sale
There were 10,379 properties for sale in Perth at the end of this week, which is inline with last week.
A closer look at listing stock levelsshows house listings decreased by one per cent, and listings for units and vacant land both remainedstable.
This week’s total figure is three percent lower than levels seen four weeks ago and are 26 per cent lower thanlevels seen a year ago.
Perth rental market
REIWA members reported there were2,879 properties for rent in Perth at the end of this week, which isthree per cent less than last week.
This week’s rental listings figure isfive per cent lower than levels seen four weeks ago and are 53 per cent lowerthan levels seen a year ago.
View ourPerth Market Snapshotgraphfor a detailed breakdown of the past week.