The latest BriefYourMarket.com Property Index (analysing the combined on-market activity from Rightmove and Zoopla) shows that last week saw an increase in the comparative number of properties coming to market, with 9,872 additional properties being registered.

Properties changing status to SSTC saw a reduction on last week, with 9,670 fewer properties being updated as SSTC.

Withdrawals saw a comparative reduction on last week, with 5,920 additional properties being withdrawn.

Fall-throughs saw a slight comparative reduction on last week, with 153 fewer properties changing status from SSTC back to For Sale.

The top ten most impacted postcode areas for fall throughs in this period were: LU2, BN3, FY4, BN11, PR2, WF10, CR0, NR31, S66 and BS3.

Commenting on the period 25.07.2020 – 31.07.2020, BriefYourMarket.com’s Chief Commercial Officer, Richard Combellack, said:

“Last week’s activity illustrates the knock-on effect of the recent ‘miniboom’ (to coin a phrase from Rightmove), with properties coming to market at a record level since the start of the year. SSTC also remains high this week and has not dropped below 29,000 in the last eight weeks, which is great news for all.

“It’s clear to see that the further re-opening of the UK market as whole, stamp duty changes and the positive index reports from the portals are all having the desired effect on the public.

“Average asking prices are at record highs, listings are progressing to sale agreed in record time and the mortgage market continues to incrementally recover week-on-week.

“From a marketing perspective, all of this is information is gold. It is crucial that agents are making every potential homemover and homeowner aware of the good news.”

SSTC: (Total = 38,510) -22.3% decrease when compared to the previous week, with 9,670 fewer properties being updated as SSTC.

Busiest day in this period was Wednesday 29th July when 9,984 properties were updated as SSTC.

Withdrawn: (Total = 10,033) -45.5% decrease when compared to the previous week, with 5,920 fewer properties being withdrawn.

Busiest day in this period was Wednesday 29th July when 4,198 properties were withdrawn.

Fallen through: (Total = 5,503) -2.7% decrease when compared to the previous week, with 153 fewer properties falling through.

Busiest day in this period was Wednesday 29th July when 1,537 properties fell through.

Count on market: (Total = 74,292) +14.2% increase when compared to the previous week, with 9,872 additional properties being listed.

Busiest day in this period was Thursday 30th July when 21,281 properties were registered.

The BriefYourMarket.com Property Index is exclusive to Property Industry Eye and is published fortnightly.