The number of available properties per branch decreased to 21, the lowest figure on record
and 46% lower than October 2020. The number of buyers registered per branch increased by 12% from September and now stands at 511. Average sales agreed decreased to 8 per branch, an 11% decrease from September 2021
In October, the majority of homes agreed sales at the original asking price (55 per cent). This
continues to show a shift away from properties predominantly selling for over the asking price.
In September, 27 per cent of homes sold for over the asking price.
Conversely, in October, just 21 per cent of properties sold for more than asking price. Before March 2021 it had been the norm for the majority of properties to agree sales at under asking price.
