Sales activity increased 62 per cent in Perth last week, withREIWA members reporting 1,042 transactions.
This increase can be attributed to a 65 per cent increase in house sales, a 79 per cent increase in unit sales, and a 10 per cent increase in vacant land sales during the week.
Properties for sale
There were 8,886properties for sale in Perth at the end of last week, which is on par with the previous week.
A closer look at listing stock levels shows house listings decreased one per cent, listings for units increased one per cent and listings for vacant land increased by one per cent.
Last week’s total figure is five per cent higher than four weeks ago and 23 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,870properties for rentin Perth at the end of last week, which is similar to the previous week.
Last week’s rental listings figure is five per cent higher than four weeks ago and 47 per cent lower than a year ago.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.