Reenie Banks

MARKET UPDATE FOR THE WEEK ENDING NOVEMBER 18TH, 2016

24 November 2016
Reenie Banks

The number of new listings in the freehold sector dropped by 9% last week to 220 units. Sales jumped by 15.2% in the 416 and activity was higher with 65.3% of homes trading at or above the list price. Surprisingly the number of sales is nearly identical to the same period last year however competition amongst buyers was not as fierce as only 49% of homes traded at or above the list price.