Thursday, July 28, 2011
The number of people selling their home rose in June to its
highest level in more than two years, according to the National
Association of Estate Agents (NAEA).
The average number of properties for sale per
branch increased from 68 in May to 74 in June. This is the highest
figure since April 2009, which saw an average of 76 homes for sale
per branch.
The number of sales agreed also increased, from an average of
eight per branch to nine. This suggests that the increase in
sellers reflected confidence in the market rather than a glut of
unsold properties.
The percentage of sales to First Time Buyers (FTBs) decreased
slightlyfrom 24 per cent in May to 20 per cent in June.
President of the NAEA Wendy Evans-Scott said: "The leap in
available housing stock suggests increased confidence amongst
sellers. They think there is a much better chance that their home
will sell. For house-hunters, this is welcome news as it offers a
wider choice of properties to pick from.
"However, efforts are still required to assist those looking to
get onto the housing ladder if we are to see buyer activity match
that on the sale side."
During June, the number of house-hunters entering the market
dropped for a third consecutive month. In June 263 people
registered per branch, compared with 275 in May; a decrease of four
per cent.
*Please find a copy of the market report for June
attached*