Sales activity decreased 34 per cent in Perth last week, due to the COVID-19 lockdown and subsequent restrictions. REIWA members reported 645 transactions.
This decrease can be attributed to a 33 per cent decline in house sales and a 50 per cent decline in unit sales, however vacant land sales increased 40 per cent during the week.
Properties for sale
There were 8,907properties for sale in Perth at the end of last week, which is two per cent more than the previous week.
A closer look at listing stock levels shows house listings increased four per cent, listings for units increased two per cent and listings for vacant land decreased three per cent.
Last week’s total figure is eight per cent higher than four weeks ago and 23 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,857properties for rentin Perth at the end of last week, which is four per cent less than the previous week.
Last week’s rental listings figure is six per cent higher than four weeks ago and 49 per cent lower than a year ago.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.