Committed sellers boost housing market

Estate agents say that serious sellers who are prepared to price their properties realistically have returned to the property market.

In an upbeat survey for the traditionally quiet month of August, the National Association of Estate Agents (NAEA) said its average member sold eight properties per branch compared with seven in July and in August 2010.

Demand from house buyers rose to a four-year high, with the number of people registering to look for homes rising from 299 to 304.

And the level of unsold stock on agents’ books dropped from 70 to 65, with many sales arising from three- and four-bed homes.

Source: AboutProperty.co.uk