Sales activity decreased 18 per cent in Perth last week, with REIWA members reporting 913 transactions.
This can be attributed to a 20 per cent decline in house sales, an eight per cent decline in unit sales and a 27 per cent decline in vacant land sales.
Properties for sale
There were 7,971 properties for sale in Perth at the end of last week, which is two per cent less than the previous week.
A closer look at listing stock levels shows house listings increased four per cent, listings for units were stable and vacant land increased one per cent.
Last week’s total figure is similar to four weeks ago and two per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,324 properties for rent in Perth at the end of last week, which is seven per cent more than the previous week.
Last week’s rental listings figure is one per cent lower than four weeks ago and 15 per cent lower than the same time last year.
Leasing activity decreased 28 per cent in Perth last week, with REIWA members reporting 501 properties leased.