Sales activity decreased one per cent in Perth this week, withREIWA membersreporting 511 transactions.
Thisdecrease can be attributed to a 6.6 per cent decrease in house sales, 60.3 per cent increase inunit sales and 18.5 per cent decrease in vacant land sales over the week.
Properties for sale
There were11,603properties for sale in Perthat the end of this week,which is in line with last week.
Acloser look at listing stock levels shows house listings decreased by 0.2 percent, listings for units increased by 0.3 per cent and vacant land listings remainedsteady.
This week's total figure for properties listed for sale is 3.8 per centlower than levels seen four weeks ago and is 30 per cent lower than levelsseen a year ago.
Perth rental market
REIWA members reported there were5,162properties for rent in Perthat the end of this week,which is 4.4 per cent less thanlast week.
This week's rental listings figure is 9.4 per cent lower than levelsseen four weeks ago and is 29 per cent lower than levels seen a year ago.
Leasing activity increased six per cent in Perth thisweek, with REIWA members reporting 1,057 properties leased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
