Activity rose from 52,975 in May to an estimated 63,500 in June, which is still down on the long-term national average, according to the LSL Property Services/Acadametrics index.
However, the LSL/Acadametrics and Halifax house price indexes both showed that price growth has dropped 0.5% on
May levels.
David Brown, commercial director of LSL Property Services
said further price falls could be on the way as the market stabilizes. But he added the potential army of first-time buyers waiting to buy means the drop in house
prices could be short-lived.
Halifax spokesman Martin Ellis said: “This pattern is in line with our view that house prices will be broadly unchanged over 2010.
“A recent increase in the number of available properties has helped to reduce the imbalance, relieving the upward pressure on prices. The low level of interest rates continues to support housing demand.”
