Transactions
(July week 1 data available)
There were 81,470 transactions in May, a 25% month-on-month increase following the post stamp duty holiday slump in April (HMRC).
In the latest RICS survey, a net balance of +6% of respondents are of the opinion that sales activity will begin to pick-up over the next 3 months, hinting at a very gentle recovery.
Sales agreed in the last 4 weeks are 6% up on last year (Zoopla).
Rightmove say the number of sales being agreed is 5% higher than at this time last year
The number of potential future buyers contacting estate agents about homes for sale is 6% higher than last year.
Average new seller asking prices are now just 0.1% higher than they were a year ago. With lower mortgage rates and average wage rises outstripping both house prices and inflation, overall buyer affordability continues to improve.
Demand
Property market report
Our up-to-the-minute national, regional and local property market reporting.