Based on REIWA Market Listing Data · June 2026
For most of the past two years, buyers in Perth have faced a market defined by scarcity. Properties attracted multiple offers before the weekend was out, and the number of homes actively for sale sat at historic lows. That dynamic is now changing — and REIWA’s listing data tells a clear story.
A Steep Climb from the Start of the Year
Perth metro properties listed for sale stood at just 1,862 in January 2026. By the end of June, that figure had reached 5,574 — an increase of 3,712 listings, or roughly 199%, in six months. That works out to approximately 742 additional listings entering the market every month.
The growth has been consistent and near-linear, with no single month standing out as an outlier. February brought listings to 2,468, March to 2,753, and April to 3,279, before a stronger jump in May pushed the count to 4,459 — and June’s figure of 5,574 confirmed the momentum is continuing.
What This Means for Buyers and Sellers
More supply is good news for buyers, who now have more choice and, increasingly, more negotiating power than at any point in recent memory. Properties are sitting on the market longer, and the frantic offer-within-48-hours pressure that characterised 2024 and early 2025 is beginning to ease.
For sellers, the calculus is shifting. Pricing accurately is becoming more important. Buyers are comparison shopping again — and an overpriced listing is no longer guaranteed a rescue by a thin market.
A Closer Look – What is Happening in Bayswater?
The metro-wide listings surge is one side of the story — but what’s actually happening on the ground in Bayswater tells the other half. Sales activity has been steadily cooling, and the numbers make the slowdown clear.
In the last month, 7 properties have sold in Bayswater. Zoom out to the last 3 months and that figure sits at 75 — meaning the most recent month is tracking well below the quarterly average pace of roughly 25 sales per month. Over the last 6 months, 169 properties have sold, and across 9 months the total reaches 327.
Looking at the rolling averages, the pattern is unmistakable: sales activity averaged around 36 properties per month across the 9-month period, but that pace has dropped to just 7 in the most recent month alone. Even compared to the 6-month average of roughly 28 sales per month, the latest figure represents a clear deceleration.
This local cooling lines up neatly with the broader Perth trend — more listings, more competition among sellers, and buyers taking longer to act. For Bayswater owners, it reinforces exactly why understanding current local conditions matters more than it has in years.
Where Could This Be Heading?
If the trend we’ve seen over the first half of 2026 continues, listings could reach approximately 10,000 by December. That’s not a forecast — it’s simply where the current trajectory points if the monthly growth rate holds steady. Whether it does will depend on seller confidence, interest rate movements, and broader economic conditions as the year progresses.
What is clear is that the direction of travel has firmly changed.
A Rebalancing — Not a Crash
Even at 10,000 listings, Perth would still be operating at levels consistent with a balanced market by historical standards. This is a normalisation of choice, not a price correction. Buyers gain leverage, the market becomes more liquid, and the conditions that made Perth one of Australia’s tightest property markets gradually ease.
For anyone considering buying or selling in Perth, the next six months represent a genuine inflection point. Watching REIWA’s listing data closely will be the best way to track how the story develops.
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Disclaimer: This article is for general informational purposes only and does not constitute financial, investment, or real estate advice. Listing data is sourced from REIWA for the Perth metropolitan area. The projection to 10,000 listings by December 2026 is not a forecast — it is an illustrative scenario based on continuing the growth trend observed between January and June 2026. Actual market conditions may differ due to seasonal factors, interest rate changes, or shifts in buyer and seller sentiment.