Sales activity increased 22.8 per cent in Perth this week, withREIWA membersreporting 1,025 transactions.
This increase can be attributed to a 7.7 per cent risein house sales, 1.8 per cent rise in unit sales and 58.5 per cent rise invacant land sales over the week.
Properties for sale
There were10,892properties for sale in Perthat the end of this week,which is a 2.1 per cent decrease from last week.
A closer look atlisting stock levels shows house listings fell by 0.8 per cent, listings forunits decreased by one per cent and listings for vacant land decreased by 6.4per cent.
This week's total figure is 5.8 per cent lower than levels seen fourweeks ago, and are 30 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were4,171properties for rent in Perthat the end of this week,which is 3.8 percent less than last week.
This week's rental listings figure is 17 per centlower than levels seen four weeks ago, and are 44 per cent lower than levelsseen a year ago.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
