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Sales activity increased 25 per cent in Perth this week, with
REIWA members reporting 587 transactions.
This increase can be attributed to a 27 per cent rise in house sales, a 16 per cent rise in unit sales, and a 34 per cent rise in vacant land sales over the week.
The rebound in sales activity comes after a shortened week earlier resulting from the WA Day public holiday.
There were 15,892
properties for sale in Perth at the end of this week, which is one per cent less than last week.
A closer look at listing stock levels shows house listings decreased by two per cent, whilst listings for units and vacant land both decreased by one per cent.
This week's total figure is four per cent lower than levels seen four weeks ago, and are three per cent lower than levels seen a year ago.
REIWA members reported there were 7,522
properties for rent in Perth at the end of this week, which is two per cent more than last week.
This week's rental listings figure is three per cent higher than levels seen four weeks ago, but are 14 per cent lower than levels seen a year ago.
Perth Market Snapshot graph for a detailed breakdown of the past week.