OnTheMarket says it has now struck listing agreements with 7,500 agency branches, adding over 2,000 branches since floating on the London stock market in February.
In a statement to shareholders this morning it says: “The offering of predominantly free or discounted introductory rates is a key element of the company’s growth strategy, which aims to increase the core agent customer base, the number of their property listings on the portal and the traffic the portal attracts.”
The firm says it has also more than doubled its sales team from 15 to 32 people.
Back in March OTM announced that traffic to the portal reached 12m in the first full month after its float.
However, its share price as of yesterday remained for 15 per cent below launch value.
Ian Springett, OnTheMarket chief executive, says: "We are extremely pleased to be continuing to exceed our own expectations and to have reached this latest milestone. As we sustain this pace, we are strongly encouraged by the growing agent support and feedback to our proposition to create an agent-backed, full scale challenger portal that disrupts the existing duopoly."