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SPRING SELLING SEASON 

The Perth property market’s Spring selling season has kicked off with active* listings for sale in Perth rising 8.4 per cent in September, settling at 3,952 by the end of the month. 

REIWA CEO Cath Hart said new listings had increased compared to the months leading up to the Spring selling season, which had seen active listings rise.

“Spring is one of the strongest sales periods of the year and members are reporting more listings coming to market, with new listings exceeding the number of sales over the past month,” she said.

“Properties are still selling very quickly though, which will keep active listings relatively low.

“Active listings are 19.0 per cent lower now than at the same time last year. This is in fact a significant improvement compared to previous months. From November 2023 to May 2024 we saw active listing volumes that were 40 per cent lower year-on-year and they remained more than 30 per cent lower compared to the previous year in every month from May 2023 onwards.”