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NAEA figures suggest summer slowdown was no worse than usual

Figures just released by the National Association of Estate Agents suggest that the number of house hunters registered at agencies dropped to a 12 month low in August. 

There were 343 per branch on average, down from July's 347 and June's 384.

Meanwhile the number of properties available to buy on estate agents’ books increased marginally from 35 in July, to 37 in August.

The proportion of sales made to FTBs remained at 23 per cent in August, having fallen from 30 per cent in June.

As expected during the summer, the number of sales agreed per branch also remained low in August, with eight on average per branch.

"While we saw the number of properties available increase very marginally last month, it wasn’t remotely enough to start to close the gap between supply and demand. We shouldn’t take August’s decline as a sign of things to come – we’ll see the market bounce back in September and ramp up towards the end of the year as house buyers desperately try to complete transactions before Christmas” says Mark Hayward, chief executive of NAEA Propertymark.


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