Pinjarra recorded a steady October with stable prices, slightly reduced sales volumes, and continued low
rental activity. Land supply remained limited but moved quickly once listed.
Sales
There were 7 residential sales recorded during the month, the same as in September but 30 percent lower
than this time last year. The median dwelling price rose slightly to $602,000, up 0.4 percent for the month
and 18.1 percent year on year.
Listings
There were 9 properties listed for sale at the end of October, up 50 percent from the previous month.
Despite the increase, listings remain 18.2 percent lower than the same time last year.
Land
No land sales were recorded during the month, though one block was listed for sale. The most recent data shows land selling in a median of 9 days, indicating high demand when available.
Sales Time on Market
Homes sold in a median of 9 days, one day faster than in September. This reflects ongoing buyer interest and limited stock in the area.
Rentals
Only 3 rental leases were signed in October, down from 4 the previous month. The median rent dropped
slightly to $520 per week, down 4.6 percent for the month and 5.5 percent lower than this time last year.
Rental Time on Market
There were 5 rental properties listed at the end of October, up from 3 in September. Homes leased in a median of 24 days, two days slower than last month but still within a typical range for the area.
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