Sales activity decreased 34 per cent in Perth this week, with REIWA members reporting 863 transactions.
This decrease can be attributed to a 13 per cent fall in house sales, 20 per cent fall in unit sales and 61 per cent fall in vacant land sales over the week.
Properties for sale
There were 10,374 properties for sale in Perth at the end of this week, which is in line with last week.
A closer look at listing stock levels shows house listings decreased by one per cent, listings for units remained stable and listings for vacant land increased by one per cent.
This week’s total figure is seven per cent lower than levels seen four weeks ago and 30 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 3,963 properties for rent in Perth at the end of this week, which is in line with last week.
This week’s rental listings figure is nine per cent lower than levels seen four weeks ago, and are 46 per cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.