Sales activity decreased 17 per cent in Perth last week, withREIWA members reporting 783 transactions.
This decrease can be attributed to a 15 per cent decline in house sales, a 14 per cent decline in unit sales and a 39 per cent decline vacant land sales.
Properties for sale
There were 9,016properties for sale in Perth at the end of last week, which is similar to the previous week.
A closer look at listing stock levels shows house listings increased one per cent, listings for units decreased two per cent and listings for vacant land decreased two per cent.
Last week’s total figure is on par with levels seen four weeks ago and 19 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,879properties for rentin Perth at the end of last week, which is two per cent more than the previous week.
Last week’s rental listings figure is on par with levels recorded four weeks ago and 34 per cent lower than a year ago.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.