Sales activity decreased 10 per cent in Perth last week, with REIWA members reporting 883 transactions.

This can be attributed to a three per cent fall in house sales, a 30 per cent fall in unit sales, and a 24 per cent fall in vacant land sales over the week.

Properties for sale

There were 7,769 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 decreased by one per cent and listings for vacant land increased by one per cent.

Last week's total figure is one per cent lower than levels seen four weeks ago and are 10 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,361 properties for rent in Perth at the end of last week, which is two per cent less than the previous week.

Last week's rental listings figure is on par with levels seen four weeks ago and are 15 per cent lower than levels seen a year ago.

Leasing activity decreased 14 per cent in Perth last week, with REIWA members reporting 576 properties leased.

View our Perth Market Snapshot graphic for a complete breakdown of the past week.

Source: REIWA.com