Perth Market Snapshot for the week ending 29 May 2022

Sales activity increased 11.4 per cent in Perth last week, with REIWA members reporting 959 transactions.

This can be attributed to a 10.8 per cent increase in house sales and a 12 per cent increase in vacant land sales. Unit sales decreased 1.8 per cent during the week.

There were 8,521 properties for sale in Perth at the end of last week, which is 1.1 per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by 1.1 per cent, unit listings increased by one per cent and listings for vacant land increased by 1.1 per cent.

Last week’s total figure is six per cent higher than four weeks ago and 7.5 per cent lower than a year ago.