Sales activity increased three per cent in Perth last week, withREIWA membersreporting 861 transactions.
A closer look shows house sales were fairly stable, unit sales increased by 23.8 per cent and vacant land sales decreased by 9.8 per cent.
Properties for sale
There were 8,307properties for sale in Perthat the end of last week, which is an increase of 1.3 per cent compared to the previous week.
This can be attributed to a 1.7 per cent increase in house listings, a 0.7 per cent increase in unit listings and a 1.1 per cent increase in vacant land listings.
Last week’s total figure is two per cent lower than four weeks ago and 2.7 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 1,776properties for rent in Perthat the end of last week, which is a decrease of 6.4 per cent compared to the previous week.
Last week’s rental listings figure is 13.5 per cent lower than four weeks ago and 22.1 per cent lower than a year ago.
Leasing activity increased 3.8 per cent in Perth last week, with REIWA members reporting 690 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
