The number of prospective buyers rose by 40 percent in January and the supply of properties also increased. Record number of sales taking more than 17 weeks from offer to exchange of contracts.
The average number of sales agreed per estate agent branch stood at 10 in January which is an increase from eight in December. This is the highest figure recorded for the month of January since 2007 when the number stood at 13.
The number of sales made to FTBs remained the same at 23 percent in January. Year-on-year this is a decrease of six percentage points from 29 per cent in January 2020
In January, nine percent of properties sold for more than the asking price, a rise from December when only five percent of properties did. The majority (62 percent) of properties sold for less than the original asking price in January.
