Sales activity decreased 12 per cent in Perth last week, with REIWAmembers reporting 813 transactions.
This decrease can be attributed to a three per cent fall in house sales, a 16 per cent rise in unit sales, and a 61 per cent fall in vacant land sales over the week.
Properties for sale
There were 8,558properties 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 listings for houses remained stable, unit listings increased by two per cent and vacant land listings were also stable.
Last week’s total figure is five per cent lower than four weeks ago and 18 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 3,013properties for rentin Perth at the end of last week, which is seven per cent more than the previous week.
Last week’s rental listings figure is five per cent higher than levels seen four weeks ago and are 24 per cent lower than a year ago.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.