This article has been released today by Property Eye with a useful insight into market figures across the board.
We're proud to report our averge new instructions in 2016 is 19.6 and our average monthly sales is 17.8, which is reflected in a slightly higher number of incoming offers and an equal number of exchanges.
What is the property market doing and is it on the turn?
JUNE 3, 2016 | ROSALIND RENSHAW
MonthNew ApplicantsNew Instructions New ViewingsNew OffersExchanges
What is the market doing? And what will it be doing in the coming months?
The information above tracks the market back to December 2014, month by month, and comes to us from software provider Expert Agent.
It covers a total of 2,143 branches out of the firm’s 2,576 branches that it supplies. The ones filtered out are those that do lettings only, or have very small sales operations. All the branches are part of independent businesses.
While too early to predict any firm trend, the May figures do show a falling off of interest and viewings compared with the earlier months of this year, while exchanges in both April and May were very low compared with March. Noticeably, however, new instructions have held up well.
We will repeat the exercise again next month, and are grateful to Expert Agent for their help.
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