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Figure 1: Supply of available properties per branch
'It is encouraging to see the housing market bouncing back, with supply and demand rising to the highest levels seen since last year. It’s evident that buyers and sellers are no longer waiting for the outcome of Brexit and want to get things moving, particularly as many sellers are realising that it’s a buyers’ market in certain areas of the country. More than eight in 10 (81 per cent) properties sold for less than the original asking price in May, which shows that estate agents, with buyers and sellers, are successfully negotiating a property sale, with them coming to an agreement on the value of the home'.
Mark Hayward, Chief Executive NAEA Propertymark