Humberts has revealed that it is taking an average of 37 days from instruction to an accepted offer, and that on average it is achieving 95% of asking price.

The 37 days compares with Rightmove’s latest figure of 62 days.

CEO Tim Simmons said: “We are finding the current market is actually a buoyant one to sell in.

“Although the number of new residential sales instructions is down, the majority of the stock that is on the market is selling at asking price.

“This is not a recessionary market, rather a slow one.

“Prices are not going up and there isn’t enough supply in the market.”