Sales activity decreased six per cent in Perth this week, withREIWA membersreporting593 transactions.
This decrease can be attributed to a 15 per cent fallin house sales, one per cent fall in unit sales and 35 per cent rise invacant land sales over the week.
Properties for sale
There were11,319properties for sale in Perthat the end of this week,which is in line with last week.
A closer look at listing stock levelsshows house listings remained stable, listings for units remained stable andlistings for vacant land increased by one per cent.
This week's total figure isthree per cent lower than levels seen four weeks ago and are 30 per cent lowerthan levels seen a year ago.
Perth rental market
REIWA members reported there were4,676properties for rent in Perthat the end of this week,which is three percent less than last week.
This week's rental listings figure is 16 per centlower than levels seen four weeks ago and are 38 per cent lower than levelsseen a year ago.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
