Perth Market Snapshot for the week ending 5 June 2022
Sales activity increased 5.6 per cent in Perth last week, with REIWA members reporting 1,005 transactions.
This can be attributed to a 1.7 per cent increase in house sales and a 0.5 per cent increase in unit sales and a 72 per cent increase in vacant land sales.
There were 8,379 properties for sale in Perth at the end of last week, which is 1.7 per cent less than the previous week.
A closer look at listing stock levels shows house listings decreased by 1.7 per cent, unit listings decreased by 2.3 per cent and listings for vacant land decreased by 1.7 per cent.
Last week’s total figure is 3.5 per cent higher than four weeks ago and 7.5 per cent lower than a year ago.