Demand for housing
- The number of house hunters registered per estate agent branch rose by a sixth (16 per cent) in May, from 265 to 307
- This is the highest level recorded since September 2018, when 338 prospective buyers were registered. Year-on-year, housing demand is down by 13 per cent from May 2018 when there 351 house hunters per branch.
Supply of available properties
- The number of properties available per member branch increased in May, from 35 in April to 41 – the highest level seen since December 2018
- Year-on-year the supply of housing has increased, with only 37 properties available to buy in May 2018.
Figure 1: Supply of available properties per branch
Sales Agreed
- The number of sales agreed per member branch increased for the second month running, rising from an average of eight per branch in April, to nine in May
- This is the highest level of sales since September last year when the same number of sales were recorded per member branch
- Year-on-year the number of property transactions has increased, with an average of eight sales, agreed per branch in May 2018.
Sales to FTBs
- The number of sales made to FTBs in May decreased marginally, falling from 27 per cent in April, to 26 per cent
- Year-on-year, this is an increase of two percentage points from 24 per cent.