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Housing Market Report - November 2011 - NAEA

6 years ago3 views

Traditionally, once it hits November the market tends to slow up.
Things have remained fairly static but what was interesting is some areas of the country had a a bit of a flurry of activity.
Numerous members reported activity increasing for the first two weeks of the month. The number of applicants in each of our branches per month. It came down from 305 to 262 which is expected but still a higher figure compared to this time last year!
Sales reduced from 8 to 6 per branch.The number of properties available per branch.
As expected has come down from 72 per branch to 65 per branch.
So there are still people putting properties on the market.
The percentage of sales for first time buyers. The results show an increase from 16% back up to 19%. So whilst the the sales were down slightly, it appears that in some parts of the country the first time buyers were out there! Next month will remain pretty much the same and 2012 looks like things will be very similar to this year.

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