Sales activity in Perth experienced a decline over the week, with 498 transactions recorded.
The overall 12 per cent fall in weekly sales can be attributed to a 14 per cent decrease in sales for houses, a 10 per cent decrease in unit sales, and a three per cent decrease in vacant land sales over the week.
Listings for sale
The total number of properties for sale in Perth grew by a marginal one per cent over the week to 13,256.
Listings for houses and vacant land both increased by one per cent, whilst listings for units remained stable.
The total number of listings recorded this week is three per cent lower in comparison to four weeks ago and is six per cent lower than the same time last year.
Perth rental market
Turning to the rental market, REIWA members reported that the total number of properties for rent in Perth remained stable over the week at 10,600.
This figure is three per cent lower than levels seen four weeks ago and is six per cent lower than the same time last year.
Take a look at the breakdown of the past week:
