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Perth Market Snapshot for the week ending 15 May 2022

Posted by admin on May 16, 2022
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Sales activity decreased 3.6 per cent in Perth last week, with REIWA members reporting 911 transactions.

This can be attributed to a two per cent increase in house sales, an 11 per cent decrease in unit sales and a 32.9 per cent decline in vacant land sales.

There were 8,294 properties for sale in Perth at the end of last week, which is 2.4 per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by 3.8 per cent, units increased by 1.1 per cent and vacant land listings increased by 0.9 per cent.

Last week’s total figure is 6.8 per cent higher than four weeks ago and eight per cent lower than a year ago.

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Brendan Bowie has specialised in property sales, marketing, and leasing for more than 20 years. As a City of Belmont resident with a great knowledge of the local area, Brendan’s strategic and innovative property marketing approach, coupled with a strong networking focus, consistently yields quality outcomes for his clients.

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