Mar­ket op­ti­mism as de­mand soars

Yorkshire Post - Property - - FRONT PAGE -

FE­BRU­ARY saw a marked im­prove­ment in hous­ing mar­ket con­di­tions off the back of a ro­bust sea­sonal up­turn in de­mand.

Last month saw the num­ber of buy­ers reg­is­ter­ing with agents grow by 18 per cent – the strong­est level of de­mand seen since the start of the down­turn.

In York­shire although prices re­mained static, there was an eight per cent rise in the num­ber of prop­er­ties on the mar­ket and a 26.9 per cent rise in the num­ber of sales agreed. Sellers got about of 91 per cent of their ask­ing price and homes took an av­er­age 12 weeks to sell. A scarcity of sup­ply re­mains a key fea­ture of the mar­ket, say Home­track. Over the last six months there has been only a small in­crease in the sup­ply of hous­ing for sale.

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