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Sales activity increased in Perth this week, with
REIWA members reporting 628 transactions - 52 more than last week.
This increase can be attributed to a five per cent increase in house sales, an eight per cent decrease in unit sales and 40 more vacant land sales over the week.
This is the third consecutive week that the number of sales has increased.
There were 14,847
properties for sale in Perth at the end of this week, which is 5.5 per cent less than last week.
This is largely a result of a number of listing having expired at 30 June and not being relisted yet.
This week's total figure is 8.5 per cent lower than levels seen four weeks ago and are 6.94 per cent lower than levels seen a year ago.
REIWA members reported there were 7,448
properties for rent in Perth at the end of this week, which is 0.75 less than last week.
This week's rental listings figure is 2.8 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.