As reported by REIWA today there were 986 residential property sales in Perth last week, up from 874 four weeks ago. In the same week last year there were 1279 sales so the volume is well down.
Canningvale and Wattle Grove were the star performers of Perth with 24 sales apiece last week.
Overall there are 15 475 properties listed for sale in Perth made up of:
- Houses 10 004
- Units 3 133
- Land 2 338
The number of listings continues to rise with continuing uncertainty amongst first home buyers and investors.
The average days to sell a residential property over the last 3 months is 65 days. As I reported last week anyone wanting to be in their new home by Christmas needs to have their house on the market.