Exchanges are on the rise but the amount of stock and level of properties going through conveyancing has dipped, new figures show.
Analysis from data company TwentyCi shows there was a 3.4% increase in exchanges during the three months to December.
Meanwhile, the level of stock for sale has dropped 4.6% since November while there are 4.9% fewer homes currently in conveyancing.
Colin Bradshaw, chief executive of TwentCi, suggested the dip in stock and current sales is seasonal.
He said: "We are seeing a stable market in terms of transactional volumes from November to December, with small decreases in stock availability and SSTCs and an increase in exchanges in the period.
"Whilst these are small changes month on month, they may precedent more difficult trading conditions emerging over time but this is more likely indicative of seasonality effects at this time of year."
The property market remains ‘resilient’ with more listings and homes going...
The market share of online and hybrid agents reduced further during...
There is uncertainty in the market but it is still moving,...
The negative effects of higher mortgage rates on affordability were overestimated...
We all know that first-time buyers have had a tough time...
There was a long-awaited return to the House of Commons this...
Last weekend a story by The Sunday Times’ Deputy Political Editor...
You don’t have to simply accept things as they are when...
From the uptick in house sales in January to a house price...
Happy birthday to us….and all members of the The ValPal Network! We...
With a combined value surpassing £7.4 trillion, the UK’s 29 million...
Interesting report this week in Estate Agent Today on an analysis...
An anti-money laundering (AML) expert has queried why there is a...
When we talk in general terms about the UK housing market,...
The Law Society is facing backlash from conveyancers after issuing new...
An anti-money laundering (AML) expert has queried why there is a...
A new analysis of the cost-of-moving suggests that the typical seller...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you and what does it say on your...
.jpg){kind=avatar}
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment