Perth Market Snapshot for the week ending 5 December 2021

Sales activity increased four per cent in Perth last week, with REIWA members reporting 1,060 transactions.

This stability can be attributed to a four per cent increase in house sales and an 18 per cent increase in vacant land sales. Unit sales declined two per cent during the week.

There were 9,348 properties for sale in Perth at the end of last week, which is one per cent more than the previous week.

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

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