Sales activity decreased two per cent in Perth last week, with REIWA members reporting 1,067 transactions.
This decrease can be attributed to a five per cent decline in house sales. However, unit sales were stable and vacant land sales increased 46 per cent.
Properties for sale
There were 9,067 properties for sale in Perth at the end of last week, which is two per cent more than the previous week.
A closer look at listing stock levels shows house listings increased by four per cent, listings for units increased by one per cent and listings for vacant land were stable.
Last week’s total figure is six per cent higher than four weeks ago, and 11 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 2,268 properties for rent in Perth at the end of last week, which is two per cent more than the previous week.
Last week’s rental listings figure is one per cent higher than levels seen four weeks ago and 21 per cent lower than the same time last year.
Leasing activity increased 11 per cent in Perth last week, with REIWA members reporting 694 properties leased.
View our Perth Market Snapshot graphic for a complete breakdown of the past week.
Sourced from REIWA