24 January 2017
from NAEA 24th January 2017
HOUSE SALES BUCK TRENDS IN BUSY DECEMBER
The number of prospective buyers registered per branch was the highest in 13 years for the month of December, with an average 386 house hunters registered per branch.
The average number of properties available for sale per branch rose from 39 in November to 41 in December, this is an 11% increase from the year before.
Despite heightened interest from potential buyers, the number of sales agreed dropped by a quarter from November, and in December, 82 per cent of properties were sold under the asking price, a nine per cent increase compared to December last year when it was 73 per cent.
“In November we saw a seasonal slowdown; typically it’s uncommon for people to buy and move close to Christmas. Yet, our December findings have completely bucked this seasonal trend. With demand at an all-time December high and sales to FTBs at their highest on record, 2016 closed on a positive note following several months of uncertainty. However, despite an encouraging December, there remains a clear shortage of homes. We await the government’s housing white paper to see how it intends to tackle this and hope the market continues to improve for both buyers and sellers.”
Mark Hayward FNAEA
Managing Director, NAEA