Salesactivity increased 8.3 per cent in Perth this week, withREIWA membersreporting 286transactions.
Thisincrease can be attributed to a eight per cent rise in house sales, 2.5 per cent increase inunit sales and 20.8 per cent increase in vacant land sales over the week.
Properties for sale
There were 12,068properties for sale in Perthat the end of this week,whichis 1.7 per cent lower than last week.
A closer look at listing stock levels showshouse listings decreased by 1.8 percent, listings for units decreased by 1.6 per cent and vacant land listingsdecreased by 1.5 per cent.
This week’s total figure for properties listed forsale is five per cent lower than levels seen four weeks ago and is 28 per centlower than levels seen a year ago.
Perth rental market
REIWA members reported there were 5,703properties for rent in Perthat the end of this week,which is one per cent more thanlast week.
This week’s rental listings figure is five per cent higher thanlevels seen four weeks ago and is 19 per cent lower than levels seen a yearago.
Leasing activity increased 12 per cent in Perth this week,with REIWA members reporting 733 properties leased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
