The BriefYourMarket.com Property Index (analysing the combined on-market activity from Rightmove and Zoopla) shows that there has been a considerable comparative rise in the number of properties coming to market last week when compared to the previous week, with an additional 15,047 properties being listed.

Properties changing status to SSTC have slightly reduced in the last week, with 2,086 fewer properties shifting status.

There has been a considerable reduction in withdrawal rates as the market remains full of active sellers, with 7,925 fewer properties being withdrawn.

There has been a slight increase in comparative fall throughs, with 480 additional properties changing status from SSTC back to For Sale.

The top ten most impacted postcode areas for fall throughs in this period were: PE19, CR0, DE21, SK8, CM1, CR8, CT6, CV5, EN8 and IP5.

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

“Totally the reverse of the previous week, where we saw new properties coming to market down and SSTCs up.

“The total opposite has happened this week, which suggests that existing pipelines are being exhausted alongside new business being generated.

“Fall throughs continue to creep up marginally week on week, suggesting that old pipelines are still encountering some difficulties.

“Withdrawals continue to decline, showing that vendors are now more confident to continue to sell their house where previously we saw huge volumes withdrawing from the market.

“All in all, this period shows a more confident market and a good step in the right direction for the property market as whole.”

SSTC: 31,520 down to 29,434, a -6.8% reduction when compared to the previous week, with 2,086 fewer properties being updated as SSTC.

Busiest day in this period was Thursday 18th June when 9,584 properties were updated as SSTC.

Withdrawn: 22,255 down to 14,330, a -43.3% reduction when compared to the previous week, with 7,925 fewer properties being withdrawn.

Busiest day in this period was Monday 15th June when 3,517 properties were withdrawn

Fallen through: 4,925 up to 5,405, a +9.2% increase when compared with the previous week, with 480 additional properties falling through.

Busiest day in this period was Thursday 18th June when 1,769 properties fell through.

Count on market: 50,930 up to 65,977, a +25.7% increase when compared to the previous week, with 15,047 additional properties being listed.

Busiest day in this period was Friday 19th June when 16,321 properties were registered.

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