Perth’s property market continues to stand out nationally, but the conditions shaping sales in 2026 are becoming more complex.
Following an extended period of rapid price growth, low stock and intense competition, the Perth housing market is now transitioning into a more measured phase. This isn’t a downturn. Instead, it reflects a natural shift in market dynamics, influenced by seasonality and changing economic conditions rather than any loss of demand.
Recent figures from REIWA show new listings remain constrained Perth, tracking 40.54% lower than the same time last year. Limited supply continues to shape property prices across Perth, with competition still evident across many segments of the market.
At the same time, demand remains supported by strong population growth. Western Australia continues to benefit from net overseas migration exceeding 40,000 people annually, alongside positive interstate migration flows. These factors continue to drive buyer activity across the Perth real estate market, even as decision-making becomes more deliberate.
Clayton Foster, Executive Residential Director at Realmark Urban, says while the pace of the market may feel different, urgency hasn’t disappeared.
There’s still a strong level of urgency in the market. Well-positioned homes are continuing to attract multiple offers, and buyers are still acting quickly when the right opportunity presents itself. While enquiry levels may have eased slightly in line with seasonal patterns and broader economic conditions, competition for quality properties remains high.
For sellers in Perth, conditions remain favourable, but expectations need to align with today’s buyer mindset. The gap between premium results and average outcomes is widening, particularly as buyers take more time to assess their options.
For buyers, while there may be moments of reduced activity through holiday periods or seasonal slowdowns, the underlying level of demand hasn’t shifted. Competition remains consistent, particularly for well-located and well-presented homes.
What’s emerging is not a loss of momentum, but a market moving in line with seasonal rhythms and broader economic influences. Short-term fluctuations in activity are being driven by timing and sentiment, rather than any structural change in supply and demand.
Understanding how these conditions apply to a specific property can make a meaningful difference to the outcome. In a market where strong buyer competition is still apparent, the way a property is positioned can determine how much of that demand is captured.
Connect with a Realmark Urban expert to get a clear view of where your property stands in today’s Perth market and how to leverage current conditions to achieve the strongest possible result.