Sales activity increased seven per cent in Perth this week, withREIWA membersreporting 657 transactions.
This increase can be attributed to a 16 per cent rise in house sales, a six per cent rise in unit sales and 35 per cent fall in vacant land sales over the week.
Properties for sale
There were 12,691properties for sale in Perthat the end of this week,which is one per cent more than last week.
A closer look at listing stock levels shows house listings increased by two per cent, listings for units increased by one per cent and listings for vacant land increased by one per cent.
This week's total figure is on par with levels seen four weeks ago but are 26 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 5,481properties for rent in Perthat the end of this week, which is two per cent less than last week.
This week's rental listings figure is three per cent lower than levels seen four weeks ago and are 18 per cent lower than levels seen a year ago.
Leasing activity decreased 39 per cent in Perth this week, with REIWA members reporting 1,080 properties leased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
