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Sales activity decreased by 12 per cent in Perth this week, with REIWA members reporting 547 transactions compared to 635 last week.
This decrease can be attributed to a seven per cent fall in house sales,
a 19 per cent fall in unit sales and a 27 per cent fall in vacant land sales
over the week.
Despite sales activity falling this week, the overall trend
remains on an upwards trajectory being higher than both four weeks ago and the
same time last year across all houses, units and vacant land.
There were 14,194 properties for sale in Perth at the end of this week, which is in line with last week.
A closer look at listing stock levels shows house listings decreased by
one per cent, listings for units and vacant land remained stable.
total figure is four per cent lower than levels seen four weeks ago and are
seven per cent lower than levels seen a year ago.
REIWA members reported there were 6,929 properties for rent in Perth at the end of this week, which is one per cent less than last week.
This week's rental listings figure is five per cent lower than levels
seen four weeks ago and 18 per cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.