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Sales activity remained stable in Perth this week, with REIWA members reporting 553 transactions compared to 577 last week.
This decrease can be attributed to a six per cent fall in house sales, despite
a 14 per cent rise in unit sales and a 26 per cent rise in vacant land sales
over the week.
Listings for sale
There were 14,127 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 remained
stable, listings for units decreased by one per cent and listings for vacant
land increased by one per cent.
This week's 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 6,731 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 seven per cent lower than levels
seen four weeks ago and 17 per cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.