Sales activity decreased 11 per cent in Perth last week, with REIWA members reporting 930 transactions.
This decrease can be attributed to an eight per cent decline in house sales, a 15 per cent decline in unit sales and a 20 per cent decline in vacant land sales.
Properties for sale
There were 7,946 properties for sale in Perth at the end of last week, which is one per cent more than the previous week. A closer look at listing stock levels shows house listings increased by one per cent, listings for units remained stable and listings for vacant land increased by two per cent.
Last week’s total figure is four per cent higher than four weeks ago and 37 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,768 properties for rent in Perth at the end of last week, which is in line with the previous week.
Last week’s rental listings figure is three per cent higher than four weeks ago and 50 per cent lower than a year ago.
View our PerthMarket Snapshot graph for a detailed breakdown of the past week.