This is also a rise from eight per cent in July, and ten per cent in June. However, the report shows the majority (53 per cent) of properties sold for less than the original asking price.
Year-on-year, the number of sales agreed per branch has increased by 75 per cent, rising from eight in September 2019.
Although eight per cent of properties sold for over the asking price, the majority (53 per cent) of properties sold for less than asking in September.
Despite the number of sales to first-time buyers (FTBs) falling by 19 per cent, the lowest recorded in seven years, the average number of sales agreed per estate agent branch stood at 14 in September. September’s figures show this is an increase from 12 sales agreed per branch in August, and also represent the highest figures recorded since August 2006.
Supply and demand
Rising marginally from 40 in August, the number of properties available per member branch in September, stood at 41.
Year-on-year, the supply of housing also increased slightly from 40 properties available per member branch in September 2019.