Housing market activity has increased significantly in recent months, despite property prices remaining flat, according to the latest market figures published by Zoopla.
March’s property data from the online sales platform shows that price falls are significantly reducing, with annual house price inflation at -0.3%. This contrasts with a figure of -1.4% in October 2023.
Zoopla’s figures show this is stimulating market activity, with sales 9% higher in March than a year ago. In total, there were 7% more home sales agreed in the first quarter of this year, compared to the same quarter in 2023.
Zoopla says this trend encourages more homeowners to put property on the market, with the stock of homes for sale now up by 20%. In total, Zoopla says the average agent has had 11% more homes on their books in the last four weeks than at any time over the last year.
Overall Zoopla says that house prices are ‘firming’ but not set for faster growth.