Buyer demand remains resilient

Buyer demand remains resilient

9:01 AM, 30th July 2019, About 5 years ago

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NAEA Propertymark is issuing its June Housing Report with Mark Hayward, Chief Executive, commenting:

Although we’ve seen a slight drop in supply and demand, the housing market is still stronger than expected, showing signs of resilience amid political uncertainty. The warmer months can often result in the market quietening down, but we’re not yet experiencing this just yet as demand remains high for the year.

“We’ll need to see if this trend continues over the next few months before we can conclusively say that confidence in the market has returned.”

Demand for housing:

The number of house hunters registered per estate agent branch fell slightly in June, from 307 to 305, despite this, the number of prospective buyers remains high for the year

Year-on-year, housing demand is almost aligned, with just a one per cent difference from June 2018 when there was an average of 308 house hunters per branch.

Supply of available properties:

The number of properties available per member branch dropped in June, from 41 in May to 37

Year-on-year the supply of housing is down marginally, with 39 properties available to buy in June 2018.

Sales agreed:

The number of sales agreed per member branch remained at nine in June, the same level for the second month running

Year-on-year, the number of property transactions stayed the same, with an average of nine sales agreed per branch in June 2018.

Sales to FTBs:

The number of sales made to FTBs in June decreased, falling from 26 per cent in May, to 23 per cent in June

Year-on-year, this is a decrease of six percentage points from June 2018 when it stood at 29 per cent.

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