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Sales activity decreased slightly by 0.7 per cent in Perth this week, with REIWA members reporting 639 transactions compared to 649 last week.
This slight decrease can be attributed to a 1.1 per cent rise in house sales, a 7.36 per cent decrease in unit sales and a 7.3 per cent decrease in vacant land sales over the week.
There were 14,167 properties for sale in Perth at the end of this week, which is 0.4 per cent less than last week.
A closer look at listing stock levels shows house listings decreased by 0.7 per cent, units increased by 1.6 per cent and vacant land decreased by 1.5 per cent.
This week's total figure is 16 per cent lower than levels seen a year ago.
REIWA members reported there were 5,912 properties for rent in Perth at the end of this week, which is 1.15 per cent less than last week.
This week's rental listings figure is four per cent lower than levels seen four weeks ago and are 18 per cent lower than levels seen a year ago.
Leasing activity remained steady with a 0.77 per cent increase in Perth this week, with REIWA members reporting 1,037 properties leased.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.
In a struggling economy, many are finding it hard to enter or move within the property market. REIWA...
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Sales activity increased five per cent in Perth this week, with REIWA members reporting 664 transact...
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