- One in 10 properties sold for more than the original asking price, the highest recorded since February 2016
- The number of sales agreed has soared with an average of 10 sales per branch in June
- Housing demand was 10 per cent higher in June compared to May
What properties sold for
- In June, one in 10 properties (10 per cent) sold for more than the original asking price as buyers compete for the successful bid on their dream home.
- This is the highest recorded since February 2016 when 11 per cent sold for more.
- Nearly two in five (57 per cent) properties sold for less than the original asking price in June.
- The average number of sales agreed per estate agent branch stood at 10 in June, double the amount recorded in May when there were five sales recorded per branch.
- Year-on-year, the number of sales per branch have increased, rising from nine recorded in June 2019.
Demand for housing
- In June, the number of house hunters registered per estate agent branch rose by 10 per cent, increasing from 344 in May to 379.
- Year-on-year, housing demand is up by nearly a quarter (24 per cent), rising from 305 in June 2019 as prospective buyers resumed their home buying plans following the market reopening.
Supply of available properties
- The number of properties available per member branch stood at 37 in June, increasing from 35 in May.
- Year-on-year, the supply of housing remained the same.
Sales to FTBs
- The number of sales made to FTBs stood at 29 per cent in June, a fall from 32 per cent in May.