Perth Market Snapshot for the week ending 04 October 2020
Sales activity increased one per cent in Perth this week, with REIWA members reporting 878 transactions.
This increase can be attributed to a 11 per cent fall in house sales, eight per cent fall in unit sales and 92 per cent rise in vacant land sales over the week.
Properties for sale
There were 10,437 properties for sale in Perth at the end of this week, which is two per cent less than last week.
A closer look at listing stock levels shows house listings decreased by three per cent, listings for units decreased by one per cent and listings for vacant land decreased by three per cent.
This week's total figure is two per cent lower than levels seen four weeks ago and are 23 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 2,959 properties for rent in Perth at the end of this week, which is in line with last week.
This week's rental listings figure is six per cent lower than levels seen four weeks ago and are 52 per cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.