The BriefYourMarket.com Property Index (analysing the combined on-market activity from Rightmove and Zoopla) last week saw a reduction in the comparative number of properties coming to market, with 5,173 fewer properties being registered.

Properties changing status to SSTC saw a positive comparative increase on last week, with 1,551 additional properties being updated as SSTC.

Withdrawals increased last week, with 1,504 additional properties being withdrawn in comparison to the previous week.

Fall-throughs saw a slight comparative increase last week, with 94 additional properties changing status from SSTC back to For Sale.

The top ten most impacted postcode areas for fall throughs in this period were: E17, CR0, BN2, GU14, PO21, CO4, FY8, SS9, BN3 and ME10.

Commenting on the period 4th July to 10th July 2020, BriefYourMarket.com’s Chief Commercial Officer, Richard Combellack, said:

“The market positivity continues with SSTC at its highest rate in the last fifteen weeks, and the quantity of new stock hitting the market also remaining reassuringly high.

“Whilst withdrawn properties climbed slightly in the last week, I believe this is just the knock-on effect of the market opening back up again.

“Fall throughs show a relatively slight increase week-on-week, but this is to be expected with this level of market activity happening.

“All in all, some very positive messages for agents to be communicating this week. Combine these findings with the recent update on Stamp Duty and it’s an opportune moment to prompt people to move.”

SSTC: (Total = 35,826) +4.4% increase when compared to the previous week, with 1,551 additional properties being updated as SSTC.

Busiest day in this period was Wednesday 8th July when 8,827 properties were updated as SSTC.

Withdrawn: (Total = 11,860) +13.5% increase when compared to the previous week, with 1,504 additional properties being withdrawn.

Busiest day in this period was Wednesday 8th July when 3,492 properties were withdrawn.

Fallen through: (Total = 5,587) +1.6% increase when compared to the previous week, with 94 additional properties falling through.

Busiest day in this period was Wednesday 8th July when 1,383 properties fell through.

Count on market: (Total = 59,004) -8.3% reduction when compared to the previous week, with 5,173 fewer properties being listed.

Busiest day in this period was Thursday 9th July when 16,510 properties were registered.

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