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Sales activity increased 10 per cent in Perth this week, with REIWA members reporting 599 transactions compared to 553 last week.
This increase can be attributed to an eight per cent rise in house
sales, a three per cent rise in unit sales, and a 36 per cent rise in vacant
land sales over the week.
There were 13,802 properties for sale in Perth at the end of this week, which is two per cent less than last week.
A closer look at listing stock levels shows house listings decreased by
three per cent, listings for units decreased by one per cent and listings for
vacant land decreased by three per cent.
REIWA members reported there were 6,595 properties for rent in Perth at the end of this week, which is two per cent less than last week.
This week's rental listings
figure is six per cent lower than levels seen four weeks ago and are 17 per
cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.