Sales activity increased seven per cent in Perth last week, withREIWA members reporting 976 transactions.
This increase can be attributed to a 48 per cent increase in vacant land sales and a 22 per cent increase in land sales, however house sales declined three per cent during the week.
Properties for sale
There were 9,212properties for sale in Perth at the end of last week, which is one per cent more than the previous week.
A closer look at listing stock levels shows house listings increased one per cent, listings for units decreased two per cent and listings for vacant land increased four per cent.
Last week's total figure is three per cent higher than four weeks ago and 18 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,843properties for rentin Perth at the end of last week, which is five per cent less than the previous week.
Last week's rental listings figure is on par with levels seen four weeks ago and 39 per cent lower than a year ago.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
