Sales activity increased 22.9 per cent in Perth last week, withREIWA membersreporting 892 transactions.
A closer look shows house sales were up by 20.8 per cent, unit sales increased by 25.8 per cent and vacant land sales increased by 40 per cent.
Properties for sale
There were 8,122properties for sale in Perthat the end of last week, which is stable compared to the previous week.
This can be attributed to a 0.7 per cent increase in house listings, a one per cent increase in unit listings and a 2.5 per cent decrease in vacant land listings.
Last week's total figure of properties available for sale is 0.9 per cent lower than levels seen four weeks ago and 3.8 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 1,791properties for rent in Perthat the end of last week, which is a increase of 3.9 per cent compared to the previous week.
Last week's rental listings figure is 5.6 per cent less than four weeks ago and 21.8 per cent lower than a year ago.
Leasing activity increased by 17.2 per cent in Perth last week, with REIWA members reporting 599 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
