• Perth market snapshot for the week ending 31 May 2020

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    Perth Market Snapshot For The Week Ending | 31 May 2020 | REIWA

    Sales activity increased 9.8 per cent in Perth this week, with REIWA members reporting 636 transactions.

    This increase can be attributed to a 11.3 per cent increase in house sales, 1.1 per cent increase in unit sales an 11.8 per cent increase in vacant land sales over the week.

    This week’s sales of 636 compares to 383 four weeks ago and 536 one year ago.

    Properties for sale

    There were 11,299 properties for sale in Perth at the end of this week, which is 2.3 per cent lower than last week.

    A closer look at listing stock levels shows house listings decreased by 3.9 per cent, listings for units decreased by 0.2 per cent and vacant land listings decreased by 0.4 per cent.

    This week's total figure for properties listed for sale is 2.9 per cent lower than levels seen four weeks ago and is 30 per cent lower than levels seen a year ago.

    Perth rental market 

    REIWA members reported there were 4,676 properties for rent in Perth at the end of this week, which is seven per cent less than last week. 

    This week's rental listings figure is 16.5 per cent lower than levels seen four weeks ago and is 35.4 per cent lower than levels seen a year ago.

    Leasing activity increased 2.4 per cent in Perth this week, with REIWA members reporting 964 properties leased.

    View our Perth Market Snapshot graph for a detailed breakdown of the past week.