Perth Market Snapshot for the week ending 15 May 2022
19th May, 2022
Sales activity decreased 3.6 per cent in Perth last week, with REIWA members reporting 911 transactions.
This can be attributed to a two per cent increase in house sales, an 11 per cent decrease in unit sales and a 32.9 per cent decline in vacant land sales.
Properties for sale
There were 8,294 properties for sale in Perth at the end of last week, which is 2.4 per cent more than the previous week.
A closer look at listing stock levels shows house listings increased by 3.8 per cent, units increased by 1.1 per cent and vacant land listings increased by 0.9 per cent.
Last week’s total figure is 6.8 per cent higher than four weeks ago and eight per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,453 properties for rent in Perth at the end of last week, which is 1.2 per cent more than the previous week.
Last week’s rental listings figure is 3.9 per cent higher than four weeks ago and 14.5 per cent lower than the same time last year.
Leasing activity increased 1.5 per cent in Perth last week, with REIWA members reporting 704 properties leased.