Demand for housing

• In January, the average number of prospective buyers registered per estate agent branch stood at 487, a 40 per cent rise from 348 in December.
• Year-on-year, this is a 27 per cent increase from 382 in January 2020.

Time taken from offer to exchange

• In January, a record number of property transactions (26 per cent) took over 17 weeks from the offer being accepted to exchanging contracts.

Sales agreed

• The average number of sales agreed per estate agent branch stood at 10 in January, an increase from eight in December.
• This is the highest figure recorded for the month of January since 2007, when an average of 13 sales were agreed per branch.

Sales to FTBs

• The number of sales made to FTBs remained the same at 23 per cent in January.
• Year-on-year, this is a decrease of six percentage points from 29 per cent in January 2020.

Supply of available properties

• The number of properties available per member branch stood at 38 in January, rising from 33 in December.

What properties sold for

• In January, nine per cent of properties sold for more than the original asking price.
• This is a rise from December when only five per cent of properties sold for more than asking price.
• The majority (62 per cent) of properties sold for less than the original asking price