Housing supply at highest level since March this year.

September 27, 2016

The National Association of Estate Agents (NAEA) yesterday issued their August Housing Market report headlined ‘Supply of Housing Hits A Six Month High’

In the report it states supply of available housing rose to the highest level seen since March this year, the number of houses available for buyers increased to 41 per estate agency branch in August.

The number of sales made to first time buyers (FTBs) increased by 3% in August.

Last month, three quarters of properties sold per NAEA member branch were sold for less than the original asking price.

Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) says: “Following a few months of uncertainty in the market, it’s more than encouraging to see things moving in the right direction. Although we have seen a slight drop in demand, the fact that supply has risen means more choice for those that are looking for a new home and we can see the impact of that because the rise in sales to FTBs was higher than we normally see in August.

To read the NAEA August Housing report in full click here

 

.”

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

28% Increase in Brits Moving to Australia

The number of people moving to Australia in the summer of 2025 increased by 28% year on year, making it the busiest quarter for Australia-bound movers in recent years. According to data from international movers surveyed through Compare My Move, September 2025 recorded the highest share of moves to Australia for the year, capping off an…
Read More →
new build homes colchester essex
Breaking News

New-build transaction volumes fall by 62%

New-build sales volumes fall by 62%, but market improvements are driving accessibility for homebuyers The latest insight from Yopa has found that, whilst average monthly new-build sales volumes are down 62% so far in 2025, new-build homebuyers are benefitting from improvements to market affordability, with mortgage lenders currently introducing a range of new initiatives and…
Read More →
Estate Agent Talk

Brits could buy a haunted property without knowing

Buyers in England and Wales could unknowingly purchase a property with a haunted reputation, as sellers aren’t required to disclose it. Homebuyers who are unaware are at risk, as this could lead to privacy concerns, nuisance from visitors and impact property value. Louise Ainley, a qualified conveyancer at licensed conveyancer course provider Access Law Online,…
Read More →
Estate Agent Talk

3 ways a new-build could boost your purchasing position

The latest internal data release from award-winning mortgage adviser, Alexander Hall, has revealed that it’s not just younger, first-time buyers taking advantage of new-build benefits to buy one-bed flats. Multiple homebuyer demographics are purchasing at all levels of the property ladder, buoyed by improvements to the mortgage market landscape, which have seen lenders offer greater…
Read More →
Estate Agent Talk

‘Outdated’ mainstream homebuying can learn from auctions to give security to buyers and sellers

Andy Thompson, Director at Eddisons part of Begbies Traynor Group, said: “Buying and selling through auctions prioritises speed, transparency and security. By front loading elements such as legal documents, background checks and searches, both buyers and sellers have confidently and fully committed to the transaction, which means when the hammer falls, contracts are exchanged and…
Read More →
Breaking News

What the 2025 Party Conferences Told Us About Property

Inventory Base, the UK’s leading platform for property reporting and compliance, has today released its analysis of key housing and property policy developments from all four major UK political party conferences, revealing a clear divide between those prioritising hard targets and those favouring deregulation. With housing a central issue on the national agenda ahead of…
Read More →