Pocock & Shaw Estate Agents

HOUSE SALES INCREASED BY 76% LAST WEEK

Posted on Thursday, May 28, 2020

Activity dials for almost every part of the sales market increased dramatically as agents return to work and house moves resume. House sales data from the first week of trading since the housing market reopened has been published this morning and almost every part of the market saw increased activity from enquiries through to exchanges.

HOUSE SALES INCREASED BY 76% LAST WEEK

Activity dials for almost every part of the sales market increased dramatically as agents return to work and house moves resume.

House sales data from the first week of trading since the housing market reopened has been published this morning and almost every part of the market saw increased activity from enquiries through to exchanges.

This includes a 38% week-on-week increase in leads, a 76% increase in house sales and a 19% increase in exchanges.

But the largest increase has come from physical viewing bookings which jumped by 188%. This is not surprising given that the week before they had been largely prohibited, and viewings remain way off their peak before the housing market shut-down.

All these figures come from the industry data group formed by blockchain-based proptech firm Coadjute, which says the latent demand it recorded two weeks ago before house moves are given the green light is now funnelling through into the market.