The average number of properties listed per Propertymark member agent branch increased by 21% in February.
Sales agreed are up from 7 per branch in January to 8 in February — the highest since October 2021.
The proportion of monthly sales to first-time buyers have reached their highest point since June 2000, accounting for 37% of overall sales in February. This is up on January’s figure of 29%
Nathan Emerson, chief executive, Propertymark, said: “It’s very positive to see more properties entering the market.
“The number of new buyers wanting to register is starting to ease, but agents’ books are still bursting with those still waiting in the wings who have missed out on previous properties.
“The amount of properties going for over the asking price is still a figure that’s over three times more than what we would see in a pre-pandemic market, but with the cost of living, energy and interest rates all looking to increase it’s possible we will start to see buyers being more cautious with their cash.”
