Property sales in Perth hit their highest level in 12 years

Property sales in Perth have reached levels not seen since 2010 thanks to strong buyer demand.

In April, the median time to sell homes was 13 days, while listing volume was 1% higher than in March and 11% lower than in April of last year.

Mack Hall Sales Real Estate, in association with Knight Frank Executive Greg Williams, said high sales volume and low property listings will lead to continued supply shortages, which have driven the market since late 2020.

“Low supply and steady demand means happy sellers,” he said.

“Right now, real estate is a much more liquid asset than it normally is, so buyers need to make decisions quickly so they don’t miss out.”

REIWA Chairman Damian Collins said the market is all about supply and demand.

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