10% of properties sold for more than the original asking price in June, NAEA Propertymark has reported.
This is the highest recorded since February 2016 when 11% sold for more.
However, 57% of properties sold for less than the original asking price in June.
The average number of sales agreed per estate agent branch stood at 10 in June, double the amount recorded in May when there were five sales recorded per branch. Year-on-year, the number of sales per branch have increased, rising from nine recorded in June 2019.
In June, the number of house hunters registered per estate agent branch rose by 10%, increasing from 344 in May to 379.
NAEA Propertymark stated that year-on-year, housing demand is up by 24%, rising from 305 in June 2019 as prospective buyers resumed their home buying plans following the market reopening.
The number of properties available per member branch stood at 37 in June, increasing from 35 in May.
Meanwhile, the number of sales made to first-time buyers stood at 29% in June, a fall from 32% in May.
Mark Hayward, chief executive of NAEA Propertymark, said: “It’s positive to see the market continuing to boom after the government re-opened the property market in May. Usually we’d expect to see a lull in activity during the summer months; however, with estate agents following new social distancing protocols and both demand and sales soaring, it seems we’re in for a busy summer.”
