08 February 2021
Sales activity decreased four per cent in Perth last week, with REIWA members reporting 792 transactions.
This decrease, which can be attributed to the Perth five-day COVID-19 lockdown, was the result of a five per cent decline in house sales
and a 20 per cent decline in unit sales. In better news, there was a 36 per cent increase in vacant land sales over the week.
Properties for sale
There were 7,666 properties
for sale in Perth at the end of last week, which is four per cent less than the previous week.
A
closer look shows house listings decreased by seven per cent, listings for units decreased by one per cent and listings for vacant land decreased by three per cent.
Last week's total figure is seven per cent lower than four weeks ago and 39
per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,682 properties
for rent in Perth at the end of last week, which is four per cent less than the previous week.
Last week's rental listings figure is five per cent lower than levels seen four weeks ago and 54 per cent lower than a year ago.
View our
Perth Market Snapshot graph for a detailed breakdown of the past week.