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Number of homes for sale jumps by 50 per cent – Propertymark

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  • 19/10/2022
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Number of homes for sale jumps by 50 per cent – Propertymark
The number of homes for sale in estate agent branches has leapt by half since April, according to trade body Propertymark.

Member branches reported an average 30 properties for sale, up from 20 earlier this year.

This is the highest level of homes for sale since March 2021, Propertymark records show.

However, it is still below the pre-pandemic average for September of 41 properties available per member branch.

The number of house hunters registered on estate agents’ books peaked in January and April this year but there was a noticeable dip over the summer months, Propertymark said.

In September, this figure picked up, standing at an average of 83 house hunters per branch.

 

‘Sellers will need to be realistic about prices’

The number of homes for sale hit record lows of 19 in January 2022, while high demand has continued to push up house prices.

Nathan Emerson (pictured), Propertymark chief executive, said: “Over August and September, we have seen an increase in people wanting to get their homes valued and sold. This is great news for buyers who have missed out previously.

“With the economic climate changing, sellers will need to be realistic about the prices they might achieve, but as most people move every 15 years or so, they are still seeing a considerable lift in value from what they would have paid.”

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