Sales activity increased three per cent in Perth last week, with REIWA members reporting 860 transactions.
This increase can be attributed to a four per cent increase in house sales and an eight per cent rise in vacant land sales. Unit sales declined four per cent during the week.
Properties for sale
There were 8,459 properties for sale in Perth at the end of last week, which is one per cent more than the previous week.
A closer look at listing stock levels shows house and land listings were stable, while unit listings increased by three per cent.
Last week’s total figure is one per cent lower than four weeks ago and 22 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,658 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 10 per cent lower than four weeks ago and 21 per cent lower than the same time last year.
View our Perth Market Snapshot graphic for a complete breakdown of the past week.
Sourced from REIWA