Perth Market Snapshot for the week ending 13 December 2020

Sales activity decreased 13 per cent in Perth last week, with REIWA members reporting 926 transactions.

This decrease can be attributed to an eight per cent fall in house sales, 20 per cent fall in unit sales and 27 per cent fall in vacant land sales over the week.

Properties for sale

There were 9,545 properties for sale in Perth at the end of last week, which is two per cent less than the previous week.

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

Last week’s total figure is seven per cent lower than levels seen four weeks ago and are 30 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 3,061 properties for rent in Perth at the end of last week, which is five per cent more than the previous week.

Last week’s rental listings figure is seven per cent higher than levels seen four weeks ago but are 49 per cent lower than levels seen a year ago.

Quarterly median price data

Data in this graph is revised periodically as more transactions settle. The latest quarterly house, unit and land sales are an estimate.

 

 

SOURCE: www.reiwa.com.au