Sales activity increased 53.3 per cent in Perth this week, withREIWA members reporting 437 transactions.
This increase can be attributed to a 40.5per cent rise in house sales, 63.4 percent increase in unit sales and 134.5 per cent increase in vacant land salesover the week.
Properties for sale
There were11,903 properties for sale in Perthat the end of this week,whichis 1.4 per cent lower than last week.
A closer look at listing stock levelsshows house listings decreased by 2.4 per cent, listings for units remainedunchanged and vacant land listings decreased by 0.1 per cent.
This week's totalfigure for properties listed for sale is five per cent lower than levels seenfour weeks ago and is 20.7 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were5,696 properties for rent in Perthat the end of this week,whichis in line with last week.
This week's rental listings figure is fiveper cent higher than levels seen four weeks ago and is 20 per cent lower thanlevels seen a year ago.
Leasing activity increased18.6 per cent in Perth this week, with REIWA members reporting 861 propertiesleased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
