Estate agent body, Propertymark, has released worrying data showing the scale of the decline in houses coming onto the market. According to research from Propertymark, the housing stock has been steadily declining since January - with the average estate agency branch having approximately 23 properties, a 38% decrease from June 2020 and June 2019 and a 40% decrease since January 2021. However, demand remains high with around 19 buyers per property prompting the body to warn that the market desperately needs more stock. Figures also show 40% of houses are selling for over the asking price. Read more on the Property Reporter website.
https://www.propertyreporter.co.uk/property/housing-stock-down-40-since-january.html
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