The number of residential properties on the market in Perth has surged compared to other states, according to the latest survey from RP Data.
The number of properties for sale in Perth has risen 38 per cent on a year ago to 20,594.
Nationally the number of properties listed increased 19.9 per cent to 247,960.
On a national basis, total listings are currently at their highest level since the beginning of 2007.
The biggest rise in listings on 12 months ago was in Darwin (up 74.7 per cent), followed by Perth, Canberrra (35.6 per cent), Brisbane (34.7 per cent), Adelaide (24.3 per cent), Hobart (18.2 per cent), Sydney (14.1 per cent), and Melbourne (12.8 per cent).
RP Data research analyst Cameron Kusher said during spring 2010, the number of properties available for sale rose sharply at a time when housing finance volumes trended lower since September last year, and when property value growth has been flat since June of this year.
"In all cities except for Sydney, Perth, and Canberra, advertised stocks is currently less than 5 per cent below the peak during the past three years," said Mr Kusher.
"As we draw closer to the Christmas/New Year period many vendors have historically chosen not to advertise their property during their festive season.
"It may be the case this year that many vendors will choose simply to keep their home off the market until market conditions improve.
"The real test for the property market will be around February of next year.
"Overall, listings data during the early past of 2011 will provide a very timely indicator and significant insight into the overall health of the Australian residential property market," said Mr Kusher.