Sales activity increased 201 per centin Perth last week, with REIWA members reporting 699 transactions.
This increase can be attributed to a181 per cent rise in house sales, 318 per cent rise in unit sales and 211 percent rise in vacant land sales over the week.
Properties for sale
There were 8,263 properties for sale in Perth at the end of last week, which is one per centmore than the previous week.
A closer look at listing stock levelsshows house listings decreased by one per cent, listings for units remainedstable and listings for vacant land increased by five per cent.
Last week's total figure is 13 per cent lower than levels seen four weeks ago andare 33 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were2,835 properties for rent in Perth at the end of last week, which is 16 per centmore than the previous week.
Last week's rental listings figure isseven per cent lower than levels seen four weeks ago and are 54 per cent lowerthan levels seen a year ago.
View ourPerth Market Snapshotgraphfor a detailed breakdown of the past week.
