Sales activity was stable in Perth last week, with REIWAmembers reporting 1,010 transactions.
This stability can be attributed to a one per cent increase in house sales, a five per cent increase in unit sales and a 27 per cent decline in land sales.
Properties for sale
There were 8,695properties 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 by one per cent, unit listings increased by one per cent and vacant land listings increased by five per cent.
Last week’s total figure is four per cent higher than four weeks ago and 16 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,136properties for rentin Perth at the end of last week, which is five per cent less than the previous week.
Last week’s rental listings figure is five per cent lower than four weeks ago and 25 per cent lower than the same time last year.
Leasing activity decreased three per cent in Perth last week, with REIWA members reporting 672 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.