Sales activity decreased five per cent in Perth this week, withREIWA membersreporting 714 transactions.
This decrease can be attributed to a five per cent fall in house sales, 19 per cent rise in unit sales and 16 per cent fall in vacant land sales over the week.
Properties for sale
There were 10,657properties for sale in Perthat the end of this week,which is two per cent more than last week.
A closer look at listing stock levels shows house listings increased by one per cent, listings for units increased by one per cent and listings for vacant land increased by four per cent.
This week's total figure is three per cent lower than levels seen four weeks ago and 27 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 3,717properties for rent in Perthat the end of this week,which is four per cent less than last week.
This week's rental listings figure is seven per cent lower than levels seen four weeks ago and 47 per cent lower than levels seen a year ago.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
