The number of house hunters registered per estate agent branch rose from 379 in June to 428 in July, NAEA Propertymark’s Housing Report showed.
On a yearly basis, there was a 44 per cent increase on sales per branch and a 35 per cent uptick in housing demand.
Fewer sellers are benefitting from the heightened demand however, as the proportion of homes selling for more than the asking price dipped to eight per cent in July, down from 10 per cent in June.
Furthermore, 60 per cent of properties sold for less than the original asking price in July.
Housing supply
The busier market has encouraged sellers to list their homes as more properties became available in July with 43 per branch, up from 37 in June.
Compared to last year, this was only a marginal increase from the 41 properties available per member branch.
First-time buyers
There were fewer first-time buyers taking advantage of current market conditions as sales sold to this group stood at 25 per cent in July, a fall from 29 per cent in June.
Mark Hayward, chief executive, NAEA Propertymark, said: “It’s positive to see the market continuing to boom with clear interest from both buyers and sellers.
“Usually we would expect to see a lull in activity during the summer months; however, demand remains unabated with no signs that this will not continue.”
He added: “With the recent stamp duty holiday announcement, we expect the housing market to remain busy throughout the rest of the summer.”
