Sales activity decreased two per cent in Perth this week, withREIWA membersreporting 989 transactions.
This increase can be attributed to a nine per cent rise in house sales, a 17 per cent fall in unit sales and a 12 per cent fall in vacant land sales over the week.
Properties for sale
There were11,004properties for sale in Perthat the end of this week,which is a one per cent increase from last week.
A closer look at listing stock levels shows house listings remained stable,listings for units decreased by one per cent and listings for vacant landincreased by five per cent.
This week's total figure is three per cent lower than levels seen fourweeks ago, and are 26 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were4,008properties 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 14 per cent lower than levels seen four weeks ago, and are 46 per cent lower than levels seen a year ago.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
