Housing Report

HOUSING REPORT: Last month, we saw the first confirmed indications that high demand is easing across the UK, with some home sellers now finding they may have pitched their prices too high for the current market.

HOUSING REPORT: Despite recent murmurings of an impending slowdown in the property market, figures our agents reported for May appear to show the buoyant market continues. Perhaps as a result, lengthy waiting times from offer to exchange remain.

HOUSING REPORT: Despite the cost-of-living crisis, inflation, and rising interest rates, the public remain convinced that now is a good time to buy. Properties currently being brought onto the market are 115 per cent more likely to sell than they were in the month of April from 2012–2021.

HOUSING REPORT: Although agents’ stock is still historically low, more new properties are coming to the market bringing with them new buyers and a lift in sales being agreed.

HOUSING REPORT: The average number of properties listed per member agent branch has risen — from 19 in January to 23 in February, the highest it’s been for five months.

HOUSING MARKET REPORT: Propertymark members have recorded a sharp rise in homes coming onto the market with the average number of new instructions per member branch rising from five in December to nine for January.

HOUSING MARKET REPORT: The average number of house hunters registered per member branch was the highest December on record at 461, with the average supply of properties continuing to fall to an average of just 19, 42 per cent less than in December 2020.

HOUSING MARKET REPORT: The number of buyers registered per Propertymark member branch has increased by 12 per cent from October and the supply of properties continues to fall to just 20 homes per branch – the lowest ever recorded and 50 per cent less than November 2020.

HOUSING MARKET REPORT: The number of available properties per branch has decreased to 21, the lowest figure on record and 46 per cent lower than October 2020.

September saw the reduction in the number of properties selling over the asking price drop to 27 per cent from 37 per cent in August which could be a signal of the end of the bidding wars.

HOUSING REPORT: With increasing demand, 37 per cent of properties sold above the original asking price, a staggering 185 per cent increase year on year, from August 2020.

HOUSING REPORT: A third of properties sold for more than the asking price, which is a sharp fall from June, but beats the previous July year-on-year record of eight per cent in 2020.