Sales activity increased one per centin Perth this week, with REIWA members reporting 878 transactions.
This increase can be attributed to a11 per cent fall in house sales, eight per cent fall in unit sales and 92 percent rise in vacant land sales over the week.
Properties for sale
There were 10,437 properties for sale in Perth at the end of this week, which istwo per cent less than last week.
A closer look at listing stock levelsshows house listings decreased by three per cent, listings for units decreasedby one per cent and listings for vacant land decreased by three per cent.
This week’s total figure is two per centlower than levels seen four weeks ago and are 23 per cent lower than levelsseen a year ago.
Perth rental market
REIWA members reported there were2,959 properties for rent in Perth at the end of this week, which is inline with last week.
This week’s rental listings figure issix per cent lower than levels seen four weeks ago and are 52 per cent lowerthan levels seen a year ago.
View ourPerth Market Snapshot graphfor adetailed breakdown of the past week.
