Sales activity increased 7.8 per cent in Perth last week, with REIWAmembers reporting 1,024 transactions.
This decrease can be attributed to a seven per cent increase in house sales, an 8.9 per cent increase in unit sales, and a 11.5 per cent increase in vacant land sales.
Properties for sale in Perth
There were 8,259 propertiesfor sale in Perth at the end of last week, which is 4.5 per cent less than the previous week.
A closer look at listing stock levels shows house listings decreased by four per cent, listings for units decreased by 4.5 per cent and listings for vacant land decreased by 5.4 per cent.
Last week’s total figure is 3.9 per cent higher than four weeks ago and 33 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,695 properties forrent in Perth at the end of last week, which is one per cent less than the previous week.
Last week’s rental listings figure is 2.6 per cent lower than four weeks ago and 51 per cent lower than a year ago.
View our Perth Market Snapshotgraphic for a complete breakdown of the past week.