Sales activity decreased 20 per cent in Perth this week, withREIWA membersreporting 618transactions.
This decrease can be attributed to a 20 per cent fall in house sales, 29 per cent fall in unit sales and 10 per cent fall in vacant land sales over the week.
Properties for sale
There were 12,527properties for sale in Perthat the end of this week,which is one per cent more than last week.
A closer look at listing stock levels shows house listings increased by two per cent, listings for units increased by one per cent and listings for vacant land decreased by one per cent.
This week’s total figure is one per cent lower than levels seen four weeks ago and are 26 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 5,573properties for rent in Perthat the end of this week, which is four per cent more than last week.
This week’s rental listings figure is four per cent lower than levels seen four weeks ago and are 16 per cent lower than levels seen a year ago.
Leasing activity decreased 30 per cent in Perth this week, with REIWA members reporting 780 properties leased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
