Sales activity increased eight per cent in Perth last week, withREIWA membersreporting 902 transactions.
Over the week, house sales increased 7.4 per cent, unit sales increased 10.1 per cent and vacant land sales increased 9.4 per cent.
Properties for sale
There were 8,548properties for sale in Perthat the end of last week, which is 1.7 per cent less than the previous week.
A closer look at listing stock levels shows house listings reduced by 1.9 per cent and unit listings reduced by 2.9 per cent, while listings for vacant land were stable.
Last week’s total figure is fairly stable compared to four weeks ago and 3.2 per cent higher than a year ago.
Perth rental market
REIWA members reported there were 2,244properties for rent in Perthat the end of last week, which is 3.4 per cent less than the previous week.
Last week’s rental listings figure is 2.4 per cent lower than four weeks ago and 16 per cent lower than a year ago.
Leasing activity decreased one per cent in Perth last week, with REIWA members reporting 678 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
