Sales activity increased three per cent in Perth last week, with REIWA members reporting 894 transactions.
This can be attributed to 47 per cent increase in vacant land sales, while house and unit sales were unchanged over the week.
Properties for sale
There were 8,525 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 listings for houses decreased by one per cent, unit listings increased by three per cent and vacant land listings were stable.
Last week’s total figure is five per cent lower than four weeks ago and 20 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,770 properties for rent in Perth at the end of last week, which is six per cent less than the previous week.
Last week’s rental listings figure is two per cent lower than four weeks ago and 25 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