Sales activity decreased 12.8 per cent in Perth last week, withREIWA membersreporting 869 transactions.
This can be attributed to an 11 per cent decrease in house sales, a 17 per cent decrease in unit sales and a 16.8 per cent decrease in vacant land sales.
Properties for sale
There were 8,450properties for sale in Perthat the end of last week, which is 0.8 per cent more than the previous week.
A closer look at listing stock levels shows house listings increased by 0.9 per cent, unit listings decreased by 0.3 per cent and listings for vacant land increased by 0.8 per cent.
Last week’s total figure is 1.9 per cent higher than four weeks ago and 6.5 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,315properties for rent in Perthat the end of last week, which is 0.4 per cent less than the previous week.
Last week’s rental listings figure is 5.6 per cent lower than four weeks ago and 19.6 per cent lower than the same time last year.
Leasing activity decreased 10 per cent in Perth last week, with REIWA members reporting 581 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
