The Perth property market continues to show its resilience as we move into the second week of March. While sales transactions saw a slight dip compared to the previous week’s highs, the big story is the 4.1% increase in available listings, providing a glimmer of choice for weary buyers.
Weekly Market at a Glance
According to the latest REIWA snapshot for the week ending March 8, 2026, there were 827 total transactions in the Perth metro area. While overall sales were down 3.7% from the prior week, the land sector saw a massive 78.4% surge in activity, suggesting a renewed interest in new builds across our outer corridors.
| Category | This Week | vs. Last Week |
| Total Sales | 827 | ↓ 3.7% |
| Properties for Sale | 2,867 | ↑ 4.1% |
| Properties for Rent | 1,936 | ↑ 3.0% |
| Median House Price | $873,000 | Stable |
Export to Sheets
Top Performing Suburbs
Activity remains concentrated in established hubs and high-growth corridors. The top-performing suburbs for sales this week were:
- Rockingham (14 sales)
- Baldivis (13 sales)
- Perth City (13 sales)
- Byford (12 sales)
- Rivervale (11 sales)
In the rental market, Perth City led the pack with 15 properties leased, followed closely by Claremont and Mount Lawley.
WhatsApp Josh on +61 (0)488038805 or josh@domeproperties.com.au for further information for a confidential discussion regarding buying, selling or renting
⬆️Sales
Median Value
Homes: $870,000 ( ⬆️$20,000)
Units: $620,000 (⬆️ $20,000)
Average Days on Market: 8 (0)
⬆️Rentals
Median Rent
Homes: $720 / week (⬆️$20)
Units: $700 / week (⬆️$30)
Vacancy Rate: 1.0%
The My Perth Real Estate Key Takeaways from the Last Week
- Inventory Crunch: Listings for sale are roughly 42% lower than this time last year, which is why prices are jumping by $20k increments rather than $5k.
- Supply Increase: There was a 4.1% increase in properties for sale last week (2,867 total), but high demand is “snapping them up” almost immediately.
- Top Suburbs: If you’re tracking specific areas, Rockingham and Baldivis led the city in sales volume last week.
