reiwa.com data has revealed properties for sale are in strong demand, with properties sold in November taking a median of only 22 days to sell, which is 17 days less than November 2019, making it the fastest time properties have sold since September 2006. Perth residential sales marketREIWA President Damian Collins said the residential sales market has significantly improved in the latter half of 2020, creating the ideal conditions for those looking to sell. “The demand for quality stock is evident, with properties selling at the same speed as they did 14 years ago, when Perth was in a property boom. In addition, the level of discounting has reduced to 32 per cent of all transactions, compared to 49 per cent in November 2019,” Mr Collins said. Sales listings“With listings for sale down 1.3 per cent in November compared to the previous month and 28.7 per cent lower than November 2019, it’s clear that if you are looking to sell there hasn’t been a better time for many years.” Median priceCoreLogic’s latest home value index shows dwelling values in Perth increased 1.1 per cent in November - making it the fourth consecutive month of growth and the largest increase over that time.