Near record low numbers of homes on agents’ books
THE number of properties on estate agents’ books was near record lows in September, signalling that the housing market is slowing further as people are less keen to put their homes up for sale.
The figures, from a survey of the property market by RICS, also found that prices have stayed static nationally. Estate agents now expect fewer houses to be sold in the next 12 months as interest from new buyers fell in September. This is the second consecutive month of drops. Northern Ireland and Wales were the only areas with rising sales volumes in September, with each region having only modest increases.
Estate agents in Northern Ireland are the most optimistic about future prospects, while those in the South East are the most pessimistic.
Demand from new buyers had been relatively flat over the four months before, which may point towards a new drop in the housing market.
Several respondents to the survey said that the usual busy autumn period of house sales after the summer holidays had failed to materialise this year.