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Sales activity decreased 15 per cent in Perth this week, with REIWA members reporting 495 transactions compared to 589 last week.
This decrease can be attributed to an 18
per cent fall in house sales, a four per cent fall in unit sales and a six per
cent fall in vacant land sales over the week.
There were 14,812 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 remained stable and
listings for vacant land increased by four per cent.
This week's total figure
is seven 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 7,324 properties
for rent in Perth at the end of this week, which is one per cent less than last
This week's rental listings figure is three per cent lower than levels
seen four weeks ago and are 16 per cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.