Sales activity decreased three per cent in Perth last week, withREIWA membersreporting 993 transactions.
This can be attributed to a three per cent decline in house sales and a 26 decline in vacant land sales over the week. Unit sales increased seven per cent during the week.
Properties for sale
There were 7,896properties for sale in Perthat the end of last week, which is one per cent less than the previous week.
A closer look at listing stock levels shows house listings increased by two per cent, listings for units increased by two per cent and listings for vacant land were stable.
Last week’s total figure is one per cent lower than four weeks ago and seven per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,401properties for rent in Perthat the end of last week, which is two per cent more than the previous week.
Last week’s rental listings figure is three per cent higher than levels seen four weeks ago, but are 13 per cent lower than levels seen a year ago.
Leasing activity decreased three per cent in Perth last week, with REIWA members reporting 676 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
