Angela Wallace

From July to September 2024, a total of 608 homes were sold, a 16% increase on the second quarter of 2024, with a combined value of £111,326,738. The average selling price was £185,811, almost 4% higher than the price in the second quarter of 2024.

Property listings and sales also saw significant growth across several areas.

Broughty Ferry and Barnhill experienced a 29.1% increase in listings compared to the same period last year, while North East Fife followed closely with a 25% rise. Carnoustie and Forfar also saw notable increases of 16.2% and 13.7%, respectively.

On the sales side, North East Fife saw the most dramatic growth, with an 81.3% increase compared to the same period last year. Dundee, including Invergowrie, recorded a 38.1% rise in sales, while Broughty Ferry and Barnhill had a 27.7% boost, and Monifieth saw a 16.7% increase.

Angela Wallace, centre and operations manager of TSPC, said: “We are extremely heartened by these latest statistics, which highlight a strong demand across the area from both buyers and sellers.

“While there are more properties available, the proportion of properties with a closing date has also risen compared to this time last year and compared to the second quarter of 2024, indicating that competition remains strong. For buyers, the good news is that properties are selling close to their Home Report value, with 73% selling for either the report price or an average of 1.2% above it.

“For sellers, the positive takeaway is that properties are moving quickly, with the average time to accept an offer at just 23 days. As winter approaches, we would expect the market to remain buoyant and, with the average home snapped up in around three weeks, there’s every chance you could be settled in by Christmas!”