Current residential market Perth as at the week ending 19th of April 2020 research.
According to REIWA research for the week ending 19th of April 2020 total sales were 286 while for the same period 4 weeks ago that number was 548 the same week last year was 436 sales. Currently there are 12068 properties for sale which 4 weeks ago that number was 12691. For the same period last year the number of listed properties was 16956.
The average number of selling days for the end of the September quarter 2019 was 84 while that fell to 68 for the December quarter 2019.
Following COVID-19 government requirements for social distancing, home opens have been discontinued until further notice. Enquiry levels according to local agents, from prospective purchasers are well down with very little sales activity expected over the next quarter or so.
Real estate and economic commentators are expecting a bleak level of activity within the real estate market being mindful of the current levels of unemployment at unprecedented levels.
Other News
New Perth property listings surge to three-year high
“The number of Perth properties on the market are at their highest levels in more than three years, with sellers motivated by the strong market conditions. “
Property prices and rents continued to rise in January
Both median house and unit sale prices rose in January. Houses recorded a median sale price of $600,000, up 1.7 per cent on the $590,000 reported for December and 9.9 per cent higher than January 2023. The median unit sale price increased 0.5 per cent over the month...