Sales activity in Perth decreased by 19 per cent over the week, with 528 transactions reported.
The fall in weekly sales can be attributed to a 14 per cent decrease in sales for houses, a 15 per cent decrease in unit sales, and a 48 per cent decrease in vacant land sales.
Listings for sale
Total properties listed for sale in Perth fell during the week to 14,503.
Listings for houses and units both decreased by two per cent whilst vacant land listings grew by a marginal one per cent.
The total number of listings recorded this week is two per cent lower in comparison to four weeks ago and is six per cent lower compared to the same time last year.
Perth rental market
REIWA members reported that the total number of properties available for rent in Perth remained stable over the week at 9,274.
This figure is two per cent lower than levels seen four weeks ago and is 12 per cent lower than the same time last year.
Take a look at the breakdown of the past week:
