Salesactivity increased 44 per cent in Perth this week, withREIWA members reporting 844 transactions.
This increase can beattributed to a 25.6 per cent rise in house sales, 29.4 per cent rise in unitsales and 108 per cent rise in vacant land sales over the week.
Properties for sale
There were11,126properties for sale in Perthat the end of this week,which is a 1.7 per cent decrease from last week.
A closer look atlisting stock levels shows house listings fell by 0.7 per cent, listings forunits remained stable and listings for vacant land decreased by 5.5 per cent.
Thisweek's total figure is four per cent lower than levels seen four weeks ago andare 30 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were4,338properties for rent in Perthat the end of this week,which is three percent less than last week.
This week's rental listings figure is 16 per centlower than levels seen four weeks ago and are 42 per cent lower than levelsseen a year ago.
Leasing activity increased 26 per cent in Perth this week, with REIWA members reporting 1,000 properties leased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week
