Sales activity decreased 30.5 per cent in Perth this week, with REIWA members reporting 287 transactions.
This
decrease can be attributed to a 21.6 per cent fall in house sales, 48.6 per
cent fall in unit sales and 30.5 per cent decrease in vacant land sales over
the week.
There were 12,356 properties for sale in Perth at the end of this week, which is 1.8 per cent lower than last week.
A closer look at listing stock levels shows house listings decreased by two per cent, units decreased by 2.5 per cent and vacant land stabilised.
This week's total
figure for properties listed for sale is 1.36 per cent lower than levels seen
four weeks ago and is 27 per cent lower than levels seen a year ago.
REIWA members reported there were 5,496 properties for rent in Perth at the end of this week, which is 1.5 per cent more than last week.
This week's rental listings figure is 1.38 per cent lower than levels seen four weeks ago and is 19 per cent lower than levels seen a year ago.
Leasing activity decreased 17.5 per cent in Perth this week, with REIWA members reporting 827 properties leased.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.