Sales activity increased 35 per cent in Perth this week, withREIWA membersreporting 1,318 transactions.
This increase can be attributed to a 18 per cent rise in house sales,59 per cent rise in unit sales and 53 per cent rise in vacant land salesover the week.
Properties for sale
There were10,407properties for sale in Perthat the end of this week,which is five percent less than last week.
A closer look atlisting stock levels shows house listings decreased by five per cent, listingsfor units decreased by three per cent and listings for vacant land decreased bynine per cent.
This week’s total figure iseight per cent lower than levels seen four weeks ago and 29 per cent lowerthan levels seen a year ago.
Perth rental market
REIWA members reported there were3,963properties for rent in Perth at the end of this week, which is one per cent less than lastweek.
This week’s rentallistings figure is 13 per cent lower than levels seen four weeks ago and 47per cent lower than levels seen a year ago.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week