Sales activity increased one per cent in Perth last week, withREIWA membersreporting 992 transactions.
This can be attributed to a five per cent decline in house sales, a three per cent increase in unit sales and an 84 per cent increase in vacant land sales.
Properties for sale
There were 8,106properties for sale in Perthat the end of last week, which is two per cent less than the previous week.
A closer look at listing stock levels shows house listings decreased by two per cent, listings for unit decreased by one per cent and listings for vacant land decreased by two per cent.
Last week’s total figure is one per cent higher than four weeks ago and one per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,305properties for rent in Perthat the end of last week, which is two per cent less than the previous week.
Last week’s rental listings figure is 22 per cent higher than four weeks ago and 17 per cent lower than the same time last year.
Leasing activity decreased 22 per cent in Perth last week, with REIWA members reporting 639 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
