Sales activity increased 16 per cent in Perth this week, withREIWA membersreporting 590 transactions.
This increase can be attributed toa 18.6 per cent increase in house sales, 4.3 per cent decrease in unit sales and 31.8 per cent increase in vacantland sales over the week.
Thisweeks sales of 590 compares to 413 four weeks ago and 475 one year ago.
Properties for sale
There were11,567properties 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 one percent, listings for units decreased by 0.5 per cent and vacant land listings increased1.4 per cent.
This week’s total figure for properties listed for sale is 2.8per cent lower than levels seen four weeks ago and 30 per cent lower thanlevels seen a year ago.
Perth rental market
REIWA members reported there were5,028properties for rent in Perthat the end of this week, which is 2.6 per cent less thanlast week.
This week’s rental listings figure is 11.7 per cent lower thanlevels seen four weeks ago and is 31.5 per cent lower than levels seen a yearago.
Leasing activity decreased 9.8 per cent in Perth thisweek, with REIWA members reporting 946 properties leased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.