UK sales volumes increased
Sales volume data is a lagging measure which reflects the UK residential sales transactions completed in the month. The provisional October 2024 non-seasonally adjusted sales volume estimate was 23% higher than in October 2023.
Stock level edge upwards
Stock levels reflect the average number of properties available for sale at each member branch. In October 2024, stock levels climbed marginally with an average of 49 properties for sale at each member branch.
Residential lettings
Tenant demand drops
The average number of new prospective tenants registered per member branch indicates market demand. Registrations dropped to 93 in October 2024 compared to 113 in September 2024.
But demand continued to outpace supply
Overall, demand continues to outstrip supply, with the average number of applicants per member branch still hitting around nine people for each available property in October 2024.
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