Sales activity increased 16 per cent in Perth last week, with REIWA members reporting 966 transactions.
This increase can be attributed to a 28 per cent increase in house sales and a five per cent increase in unit sales, however vacant land sales declined 19 per cent during the week.
Properties for sale
There were 7,905 properties for sale in Perth at the end of last week, which is one per cent more than the previous week.
A closer look at listing stock levels shows house listings increased by one per cent, listings for units increased by three per cent, while listings for vacant land decreased by one per cent.
Last week’s total figure is five per cent lower than levels seen four weeks ago and 38 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,840 properties for rent in Perth at the end of last week, which is two per cent less than the previous week.
Last week’s rental listings figure is one per cent lower than four weeks ago and 48 per cent lower than a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.