Greater Perth’s sales market keeps shifting in favour of buyers, and this week’s REIWA figures make the trend hard to miss. There are now 7,231 homes for sale across the metro area, up 6.4 percent over the past four weeks and up a remarkable 129.8 percent compared with the same time last year. House listings on their own have climbed 175 percent year on year, so the pool of choice available to buyers is the deepest it has been in a long time.
What is encouraging is that demand has not disappeared. A total of 630 properties sold over the week, up 5.7 percent on the week before, which tells us active and motivated buyers are still very much in the market. They are simply taking more time, comparing more options and being more selective before they commit.
For anyone thinking of selling, that selectivity is the whole story. When buyers have this much to choose from, the homes that stand out are the ones that are well priced for today’s conditions, well presented, and marketed with a clear and deliberate strategy. Guesswork and last year’s price expectations are what leave homes sitting on the market. A considered approach to styling, timing and buyer targeting is what turns a good result into a great one.
If you are weighing up a move, this market can genuinely work in your favour, particularly if you are buying and selling at the same time. You gain maximum choice on your next home while well presented properties are still attracting active buyers, so the conditions can balance out on both sides of the deal.
If you would like a clear, no pressure read on what your home is worth in the current Southern River, Harrisdale or Piara Waters market, get in touch with Suresh Sama at First National Real Estate RS Group on 0452 512 396 or suresh@fnrsgroup.com.au.
Source: REIWA Weekly Market Summary, 23 August 2026.