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Sales activity increased seven per cent in Perth this week, with
REIWA members reporting 524 transactions.
This increase can be attributed to a three per cent rise in house sales and a significant rise in vacant land sales, despite a nine per cent fall in unit sales over the week.
There were 14,814
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 two per cent.
This week's total figure is six per cent lower than levels seen four weeks ago and levels seen a year ago.
REIWA members reported there were 7,310
properties for rent in Perth at the end of this week, which is in line with last week.
This week's rental listings figure is three per cent lower than levels seen four weeks ago and are 15 per cent lower than levels seen a year ago.
Perth Market Snapshot graph for a detailed breakdown of the past week.
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