Sales activity decreased six per cent in Perth last week, with REIWA members reporting 1,080 transactions.
This can be attributed to a 17 per cent decline in unit sales and a 35 per cent decline in vacant land sales. House sales figures were unchanged.
Properties for sale
There were 7,982 properties for sale in Perth at the end of last week, which is similar to the previous week.
A closer look at listing stock levels shows house listings decreased by one per cent, listings for units increased by two per cent and listings for vacant land were stable.
Last week’s total figure is two per cent lower than four weeks ago and two per cent higher than a year ago.
Perth rental market
REIWA members reported there were 2,345 properties for rent 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 three per cent lower than four weeks ago and 19 per cent lower than the same time last year.
Leasing activity decreased one per cent in Perth last week, with REIWA members reporting 711 properties leased.