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Perth Market Snapshot for the week ending 22 May 2022

Posted by admin on May 23, 2022
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Sales activity decreased 2.6 per cent in Perth last week, with REIWA members reporting 875 transactions.

This can be attributed to a three per cent increase in house sales, a five per cent decrease in unit sales, and a 12 per cent increase in vacant land sales.

There were 8,431 properties for sale in Perth at the end of last week, which is 1.7 per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by 2.7 per cent, unit listings increased by 0.7 per cent and listings for vacant land increased by 0.2 per cent.

Last week’s total figure is 5.1 per cent higher than four weeks ago and 7.5 per cent more 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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