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

Estate Agent Talk

What Every Estate Agent Should Tell Clients Before Moving Day

For most estate agents, the job is done once contracts are exchanged, completion takes place, and the keys are handed over. For your client, however, that’s when one of the biggest challenges begins. Moving day has the power to turn months of excitement into an incredibly stressful experience, or a smooth finish to what has…
Read More →
Breaking News

Breaking Property News 9/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   PropTech is evolving but WhatsApp is still winning the Property transaction battle A home-moving process that a decade of PropTech failed to fix   Thought leadership by Olivier Jauniaux Founder of NestLink There are a particular series of messages, somewhere in every property chain, that decides whether…
Read More →
Breaking News

Heatwaves haven’t diminished love for south-facing gardens

The latest research from Yopa reveals that despite 81% of people saying they have been avoiding their garden during the recent heatwaves, south-facing gardens continue to be the preferred orientation of choice for UK homeowners, attracting house price premiums of over £20,000 on average. However, the insight from Yopa also suggests that should heatwaves become…
Read More →
Rightmove logo
Breaking News

Rightmove extends conversational search experience to property listings 

Rightmove is launching the next stage of its conversational search experience for home-movers, bringing the innovative new capability to its property listings. The move is part of Rightmove’s approach to ensure that ‘However you discover, we have you covered’. The ‘Ask Rightmove’ conversational search experience launched on its home page earlier this year, bringing a more personalised and interactive way to search…
Read More →
Breaking News

Homebuyer demand slips in Q2 2026

Buyer demand slips in Q2 2026, with North and Midlands continuing to outperform southern markets The latest sales demand data from eXp UK has revealed that homebuyer demand in England slipped by -1.1% in Q2 2026. The analysis also reveals a continued regional divide, with a number of counties in the North and Midlands recording…
Read More →
Estate Agent Talk

International buyer slowdown one of Prime London’s biggest challenges

The latest survey of UK prime residential agents by AgentWise has found that many believe a slowdown in international buyer activity to be one of the biggest challenges facing the market today, whilst many have also noted an increase in the number of clients looking to explore property opportunities overseas rather than the UK. AgentWise…
Read More →