- Posted By Toni Angeleski
Perth market snapshot for the week ending 16 February 2020
Sales activity decreased four per cent in Perth this week, with REIWA members reporting 683 transactions.
This decrease can be attributed to a five per cent rise in house sales, a 19 per cent fall in unit sales, and a 31 per cent fall in vacant land sales over the week.
Properties for sale
There were 12,688 properties for sale in Perth at the end of this week, which is one per cent more than last week.
A closer look at listing stock levels shows house listings remained stable, listings for units increased by two per cent and listings for vacant land increased by one per cent.
This week's total figure is one per cent higher than levels seen four weeks ago, but are 26 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 5,653 properties for rent in Perth at the end of this week, which is two per cent less than last week.
This week's rental listings figure is eight per cent lower than levels seen four weeks ago and are 16 per cent lower than levels seen a year ago.
Leasing activity decreased two per cent in Perth this week and is nine per cent lower than levels observed four weeks ago, with REIWA members reporting 1,172 properties leased.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.