Sales activity decreased 7.2 per cent in Perth this week, with REIWA members reporting 400 transactions.
This decrease can be attributed to a nine per cent decrease in house sales, nine per cent decrease in unit sales and three per cent increase in vacant land sales over the week.
Properties for sale
There were 11,638 properties for sale in Perth at the end of this week, which is 2.2 per cent lower than last week.
A closer look at listing stock levels shows house listings decreased by 1.9 per cent, listings for units decreased by 3.6 per cent and vacant land listings decreased by 1.6 per cent.
This week’s total figure for properties listed for sale is 5.8 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 5,602 properties for rent in Perth at the end of this week, which is 1.7 per cent less than last week.
This week’s rental listings figure is 2.4 per cent higher than levels seen four weeks ago and is 23 per cent lower than levels seen a year ago.
Leasing activity decreased 9.5 per cent in Perth this week, with REIWA members reporting 774 properties leased.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.