E&W Housing Transactions May 2019
In May 2019, there were an estimated 70,750 transactions – based on Land Registry counts for England & Wales – which is a +7% increase on our estimated April total of 66,250 sales. However, a seasonal rise in sales volumes of +13.8% would be expected in May, based on data for the last eight years (excluding 2016), so the increase of +7% represents a -7% reduction in transactions on a seasonally-adjusted basis. Despite this seasonal shortfall, the estimated 70,750 sales in May 2019 are +0.6% higher than one year earlier, suggesting that the market is growing – albeit slowly.