The Perth housing market appears to have flattened out over recent month, and the CoreLogic index has actually recorded a subtle rise of 01.% over the three months ending May.
Core Logic has released their newest housing market update for June 2018.
Listing numbers are reducing and homes are selling faster than they were a year ago at 58 days on average.
Perth values remain close to 11% below their 2014 high and even though the market seems to be moving through the trough, the recovery phase is likely to be a gradual one.
Interstate migration rates remain weak and a supply overhang is still evident across outer fringe detached housing sector.
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