For the week ending August 4, sales transactions in Perth dropped by 1.1%, with REIWA members reporting 841 transactions.
House sales declined by 7.5%, unit sales remained stable, and land sales surged by 70.4%.
The highest sale price in Perth was in Claremont, at $5,100,000, while the lowest was in Perth, at $375,000.
At the end of last week, there were 3,266 properties for sale in Perth, marking a 0.6% decrease from the previous week.
House listings remained steady, unit listings increased by 1.8%, and vacant land listings decreased by 6.3%.
Despite this weekly fluctuation, the total number of properties available for sale is 3.9% higher than four weeks ago but 36.9% lower than the same period last year.
In the rental market, there were 2,518 properties for rent in Perth, slightly up from the previous week. This figure is 3% lower than four weeks ago but 34.4% higher than a year ago.
REIWA members reported 637 properties leased last week, a 9.9% decrease from the previous week, and a 1.1% decrease from four weeks ago. However, this number is 9.3% higher than the same period last year.
You can see how Perth’s market fared last week.
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