The level of new for sale stock reaching the market across Britain surged by 128% since the start of the year, as sellers return to the fold following a year of market uncertainty.
Estate agent comparison site GetAgent.co.uk analysed the number of homes entering the market over the past two weeks.
It found that 97,500 homes were listed for sale across Britain in the past 14 days alone.
In January, some 42,825 homes were listed for sale in a two-week period.
This boost to stock levels was seen across every region of Britain, with Scotland seeing the largest surge.
The level of new homes being listed for sale in Scotland increased by 273% when compared with the start of the year.
The North West (+185%), Yorkshire and the Humber (+171%), North East (+166%), London (+150%), South West (+135%), West Midlands (+132%) and South East (+106%) also saw incoming stock levels increase by more than 100%.
Wales saw the smallest increase, with 81% more new homes reaching the market.
The South East had the most (17,000) new homes hitting the market for sale in the last two weeks.
Colby Short, co-founder and CEO of GetAgent.co.uk, said: “It’s been a tricky year for the property market and a high level of market uncertainty has seen both buyers and sellers act with hesitation, with many postponing their plans to transact as interest rates have risen.
“For many buyers, the cost of borrowing remains far higher than they are used to and this will ensure that an air of caution remains.
“However, it’s reassuring to see that many sellers are now pushing ahead with their plans to move and this has no doubt been in reaction to the interest rate freeze seen last month.
“Of course, it’s important to remember that it remains a buyers market at present and so patience is certainly a virtue when looking to sell, as well as a realistic approach to pricing.”
