NAEA Propertymark June housing sales activity report

by Property 118

9:54 AM, 30th July 2018
About 3 months ago

NAEA Propertymark June housing sales activity report

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NAEA Propertymark June housing sales activity report

NAEA Propertymark is today issuing its June Housing Report showing the number of sales agreed per branch increased by 13% in June, but is still lower than this time last year

Mark Hayward, Chief Executive, commented: “We have seen a rise in the number of sales which is typical of this time of year as buyers and sellers seek to complete their property transactions ahead of the quieter holiday period. If a seller is hoping to avoid the summer slowdown and is looking to market their home once this has passed, they can spend some time over the coming months ensuring their home is ready for sale, whether it be decluttering, or refreshing the décor.”

Sales per branch and sales to first-time buyers (FTBs)

  • The number of sales agreed per branch rose from eight in May to nine in June, as buyers push through summer property transactions
  • However, this is 18% lower than June last year when agents agreed a total of 11 sales per branch
  • The proportion of sales made to FTBs rose by five percentage points to 29% in June – the highest amount recorded since February.

Supply of properties

  • The number of properties available per branch rose in June, from 37 to 39
  • Year-on-year this is a five per cent increase, as agents also marketed 37 properties in June 2017. Looking at a five-year comparison, the number of properties available is down 15% from 46.

Demand for housing

  • The number of house hunters registered per estate agent branch decreased by 12%, from 351 in May to 308 in June
  • This is the lowest number of buyers recorded since March this year and a fifth (20%) lower than June 2017, when 384 prospective buyers were registered per branch.

 



Comments

Richard

12:43 PM, 30th July 2018
About 3 months ago

This is an interesting statistic when you consider that to complete a purchase in June most buyers will have started looking for a property in March / April and once an offer has been accepted a further 8 weeks for the legal searches and back and forward queries to happen takes them to a June / July completion. (from recent experience even with chasing the solicitors!)


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