Sales activity decreased 3.2 per cent in Perth last week, with REIWA members reporting 965 transactions.
This decrease can be attributed to a 1.1 per cent decline in house sales and a 23 per cent decrease in unit sales, however there was a 10 per cent increase in vacant land sales.
Properties for sale in Perth
There were 8,650 properties for sale in Perth at the end of last week, which is four per cent more than the previous week.
A closer look at listing stock levels shows house listings increased by six per cent, listings for units increased by four per cent and listings for vacant land remained stable.
Last week's total figure is 10 per cent higher than four weeks ago and 31 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,720 properties for rent in Perth at the end of last week, which is one per cent more than the previous week.
Last week's rental listings figure is 1.6 per cent lower than four weeks ago and 49 per cent lower than a year ago.
View our Perth Market Snapshot for a complete breakdown of the past week.
