Sales activity increased three per cent in Perth last week, with REIWAmembers reporting 896 transactions.
This increase can be attributed to a one per cent decline in house sales, a one per cent increase in unit sales and a 52 per cent increase in vacant land sales.
Properties for sale
There were 8,953properties for sale in Perth at the end of last week, which is one per cent less than the previous week.
A closer look at listing stock levels shows listings for houses, units and vacant land all decreased by one per cent during the week.
Last week’s total figure is three per cent lower than four weeks ago and 19 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,819properties for rentin Perth at the end of last week, which is one per cent less than the previous week.
Last week’s rental listings figure is one per cent lower than four weeks ago and 30 per cent lower than a year ago.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.