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Seller numbers on the up

Wednesday, 27 July 2011 12:08 PM

The number of people trying to sell their home rose in June to its highest level in more than two years, according to new figures out today.

The average number of properties for sale per estate agent’s branch increased from 68 in May to 74 in June, the National Association of Estate Agents (NAEA) reported.

This is the highest figure since April 2009, which saw an average of 76 homes for sale per branch, the NAEA said.

The number of sales agreed also increased, from an average of eight per branch to nine.

However, the percentage of sales to first-time buyers decreased slightly from 24 per cent in May to 20 per cent in June and the number of house-hunters registered per branch also decreased on average from 275 in May to 263 in June.

“The housing market in June showed a significant jump in seller confidence but reductions in house- hunter levels as the wider economic climate continued to restrict potential buyer activity,” the NAEA Housing Market Report for June.

The report added: “Sales increased in June, with the average number increasing from eight to nine, which is significant in terms of year-on-year figures – June 2010 saw an average of only six sales per branch.”

More realistic pricing from sellers was believed to be an important factor in the increase in sales.

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