The average number of house hunters registered per estate agent branch stood at 571 in November, a figure that has been climbing since June 2021 and an increase of 12% from October’s figure of 511 from NAEA Propertymark.
Meanwhile, the number of properties available per member branch stood at just 20 in November, a continued decline from 21 in October.
As such this means there is an average of 29 buyers for every available property on the market, a 21% increase in competition from October.
Nathan Emerson, chief executive, Propertymark, said: “The pressure on the housing market and consequently house prices, is continuing at an unrelenting rate.
“However, heading into December, the market should start to slow. Those with a property to sell would be wise to act sooner rather than later as the level of demand is expected to continue into the first quarter of next year but cannot last forever.”
