Thursday 17 March 2011

Sellers returning to the property market | Moneywise

Sellers returning to the property market | Moneywise

The number of people putting their homes up for sale has risen by 25% in the last year, according to recent statistics.

The National Association of Estate Agents' latest report shows a quarter rise in the level of available housing stock in February 2011 compared with 12 months ago.

The number of potential buyers has also increased with 268 reported per any estate agent branch in February compared with 252 in January - the highest level for seven months.

Sales also increased in February. The report says estate agents have seen a growth from an average of six sales per branch each month to an average of eight. A quarter of all sales were to first-time buyers.

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