Salesactivity decreased 7.2 per cent in Perth this week, withREIWA membersreporting 400 transactions.
This decrease can be attributed to a nineper cent decrease in house sales, nineper cent decrease in unit sales and three per cent increase in vacant landsales over the week.
Properties for sale
There were11,638properties for sale in Perthat the end of this week,which is 2.2 per cent lower than last week.
Acloser look at listing stock levels shows house listings decreased by 1.9 percent, listings for units decreased by 3.6 per cent and vacant land listingsdecreased by 1.6 per cent.
This week's total figure for properties listed forsale is 5.8 per cent lower than levels seen four weeks ago and is 30 per centlower than levels seen a year ago.
Perth rental market
REIWA members reported there were5,602properties for rent in Perthat the end of this week,which is 1.7 per cent less thanlast week.
This week's rental listings figure is 2.4 per cent higher thanlevels seen four weeks ago and is 23 per cent lower than levels seen a yearago.
Leasing activity decreased 9.5 per cent in Perth thisweek, with REIWA members reporting 774 properties leased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
