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Sales activity increased by three per cent in Perth this week, with REIWA members reporting 577 transactions compared to 547 last week.
This increase can be attributed to a seven per cent rise in house and
unit sales, despite a 28 per cent fall in vacant land sales over the week.
There were 14,119 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 one per cent, listings for units
remained stable and listings for vacant land remained stable.
This week's total
figure is five 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 6,812 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 seven per cent lower than levels seen four weeks ago and are 18 per
cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.