UK Housing Market – Supply down but demand is up

Supply and Demand

Supply – 2021 has 22,381 New Instructions in the first week and this is DOWN 15.5% on the prior year and a nearly 30% down on 2019.

Demand

2021 has 21,141 sales agreed in the first week and this is UP 15.7% on the prior year and this 8% down on 2019.

There are many moving parts impacting on the housing market currently and we have yet to see the impact of the end of the stamp duty holiday and any affects from the Brexit changes and this is one week of data in the new lockdown regime making predictions a fools errand.

 

Source: TwentyCi