Recent data reveals a 7.1% increase in sales transactions compared to the previous week, with REIWA members reporting a total of 984 transactions.

weekly market snapshot

Weekly market snapshot for the week ending 15 Oct 2023

Sales transactions in Perth saw a notable 7.1% increase compared to the previous week, with REIWA members documenting a total of 984 transactions. Upon closer inspection, house sales exhibited a significant surge of 13.3% from the previous week, and unit sales also demonstrated a notable increase of 5.7%. However, vacant land sales experienced a decline of 28.0% during the same period.

Sales transactions in Perth saw a notable 7.1% increase compared to the previous week, with REIWA members documenting a total of 984 transactions. Upon closer inspection, house sales exhibited a significant surge of 13.3% from the previous week, and unit sales also demonstrated a notable increase of 5.7%. However, vacant land sales experienced a decline of 28.0% during the same period.

At the conclusion of last week, Perth had a total of 5,034 properties listed for sale, a figure consistent with the prior week. This steadiness is attributed to stable house listings, while unit listings experienced a slight decline of 1.5%, and vacant land listings decreased by 1.2%.

Last week's total available properties for sale in Perth marked a 2.7% decrease from levels observed four weeks ago and a notable 39% decline compared to the same period a year ago.

In Perth's rental market, REIWA members noted 1,691 properties available for rent at the conclusion of last week, mirroring the count from the previous week. This figure indicates a modest 1.6% increase from four weeks ago but represents a 4.1% decrease compared to the same period a year ago.

According to REIWA members, there were 573 properties leased in Perth last week. This represents a slight 1.9% decrease from the previous week and mirrors the figures observed four weeks ago. However, it is important to note an 11.3% decline compared to the same period a year ago.

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