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Perth real estate: Property sales hit 12-year high

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Real estate sales in Perth have reached a level not seen since 2010 against the backdrop of strong buyer demand.

The median home sales period in April was 13 days, but the number of listings increased by 1% from March and decreased by 11% from April last year.

MacHall Sales Real Estate, which is affiliated with Knight Frank executive Greg Williams, said high sales volumes and a low list of properties will continue to drive the market from the end of 2020.

“Low supply and stable demand mean that sellers are happy,” he said.

“Currently, real estate is a much more liquid asset than usual, so buyers need to make quick decisions not to miss it.”

Damian Collins, president of REIWA, said the market is about supply and demand.

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