In April, the number of property sales agreed per estate agency branch increased to the highest level seen since October, according to the latest data from the NAEA.
The number of sales agreed per member branch increased for the first time this year, rising from an average of seven per branch in March, to eight in April. This is the highest level seen since October 2018, when the same number of sales were recorded per branch. However, year-on-year, the number of property transactions remains the same.
The increase in sales continues despite the number of house hunters registered at ecah brand falling by10% in April, from 296 to 265. Year-on-year, demand was at the lowest level recorded for the month of April since 2008 when 237 house hunters were registered on average per branch. Housing demand also fell by a fifth (21%) from April 2018 when there were 337 prospective buyers per branch.”