A Seismic Shift in Perth’s Property Market

Elizabeth Robinson Posted on 05 Sep 2025

Perth is in rare territory. Active listings have fallen to a record low while buyer demand remains strong. Homes are selling in days and prices continue to lift. Here is what is happening, why it matters, and how to move with confidence.

Key numbers at a glance

2,981 properties for sale at the end of August. That is 10.4 percent fewer than July and 18.3 percent fewer than a year ago.
Median prices: Houses $800,000 in August (+0.4 percent month on month, +14.3 percent year on year). Units $552,500 (+0.5 percent month on month, +17.8 percent year on year). Mirage News
Time to sell: Houses 10 days. Units 9 days. August was faster than July and broadly on par with last year.

Why listings fell

REIWA attributes the shortage to a quieter flow of new listings through winter and persistent buyer demand. Many potential sellers are also hesitant to list because they are worried about securing their next home. This combination is pushing active listings down and keeping sales velocity high.

What to expect this spring

There are early signs of more owners preparing to come to market as the weather warms. A modest lift in supply is likely, but demand is expected to stay strong, which means competition will remain high.

What this means for buyers

Be finance ready. Have pre-approval in place before you start shortlisting. In this market, delays cost opportunities.
Define your brief. Be clear on budget, suburbs, and must-haves so you can act quickly when the right property appears.
Lean on your agent. Good information and speed are your best advantages when homes are selling in one to two weeks.

What this means for sellers

Presentation matters. Clean, well-presented, market-ready homes are attracting strong interest and premium results.
Timing counts. Listing early in spring can place you ahead of any increase in stock while demand remains firm.
Price with precision. Use current comparable sales and days-on-market data to position your property correctly from day one.

Source: REIWA