Perth weekly market snapshot for the week ending 22 Oct 2023
23 October 2023"Sales transactions in Perth last week were 1.4 per cent higher than the previous week, with REIWA members reporting 987 transactions."
Sales transactions in Perth last week were 1.4 per cent higher than the previous week, with REIWA members reporting 987 transactions. A closer look shows house sales were up by 3.1 per cent on the week prior while unit sales were similar to the previous week and vacant land sales were down 11.1 per cent.
There were 5,012 properties for sale in Perth at the end of last week, which is similar to the previous week. This can be attributed to listings for houses remaining relatively stable while unit listings decreased 1.2 per cent and vacant land listings decreased by 2.0 per cent.
Last week's total figure of properties available for sale is similar to four weeks ago but 39.4 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 1,708 properties for rent in Perth at the end of last week, which is 1.0 per cent higher than the week prior. Last week's rental listings figure is 2.5 per cent higher than four weeks ago and 2.4 per cent higher than a year ago.
REIWA members reported 623 properties leased last week, which is 9.1 per cent higher than the previous week and 6.1 per cent higher than four weeks ago but 5.0 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
