The number of property sales fell dramatically last month, says estate agent haart.
Based on its own data, it estimates that in March there were 47,056 exchanges, down 6.3% on February and a drop of 19.3% year on year.
Haart says that prices were up by 0.9% on a monthly basis and by 5.6% annually.
The average selling price of £206,762 was the highest on record.
It puts the proportion of first-time buyers as 42% of all mortgages written during March.
Haart also says that there was a big rise in new instructions, with a 27% increase in inventory last month.
While buyer demand shot up 22% on a monthly basis, it was down 21.5% compared with March last year.
The haart data is broadly in line with yesterday’s Rightmove survey, saying that asking prices for properties new on the market have surged to an all-time high.
That is more to do with Haart rTher than the industry. We have been exceptionally busy. Properties are easy to sell at present. It is a listings competition.
Maybe they should have stayed on Zoopla lol.
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