Committed sellers boost housing market
Friday, 23 September 2011 3:15 PM
Estate agents say that serious sellers who are prepared to price their properties
realistically have returned to the property market.
In an upbeat survey for the traditionally quiet month of August, the National Association
of Estate Agents (NAEA) said its average member sold eight properties per branch
compared with seven in July and in August 2010.
Demand from house buyers rose to a four-year high, with the number of people
registering to look for homes rising from 299 to 304.
And the level of unsold stock on agents’ books dropped from 70 to 65, with many sales
arising from three- and four-bed homes.
Wendy Evans-Scott, president of the NAEA said: "This summer has seen the return
of what you might call the ‘serious seller' - those who price realistically because they
have a strong imperative to sell.
"The increase in the number of family homes sold demonstrates that it is those that have
to move because they need more space that are in the market. Accordingly, there are
fewer speculative sellers out there, who inflate prices and are not committed to a sale."
However, the proportion of sales to first-time buyers fell from 21 per cent to 20 per cent.
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