Sunday, October 24, 2010
Sellers who want to shift their properties in time for Christmas should brace themselves for a challenge. According to September's Hometrack house price survey, the average time a property remains on the market before an offer is received stands at 9.3 weeks. This takes us beyond Boxing Day and is a far cry from the 5.3 weeks recorded in the boom days of September 2003. The latest housing report from the National Association of Estate Agents revealed that the average number of buyers registering on estate agents' books continued to fall in September to 247 (from 250 in August), while sales agreed remained at a stagnant low of seven per branch.