Perth Market Snapshot for the week ending 21 November 2021

Sales activity decreased 0.9 per cent in Perth last week, with REIWA members reporting 1,047 transactions.

This decrease can be attributed to a 1.8 per cent decline in house sales and a 5.1 per cent decrease in vacant land sales, however, unit sales increased 4.5 per cent.

There were 9,214 properties for sale in Perth at the end of last week, which is 1.6 per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by 2.6 per cent, listings for units were unchanged and listings for vacant land increased 1.6 per cent.

Last week’s total figure is six per cent higher than four weeks ago, and 10 per cent lower than levels seen a year ago.