The number of homes listed for sale has skyrocketed since the start of the year, having previously halved following September’s mini budget.

The latest analysis from Barrows and Forrester found that over 87,000 homes were listed for sale across Britain in the last 14 days – up 89% from the 46,092 that entered the market at the start of the year.

Previous research by the agency found that the number of homes entering the market almost halved following the shambolic mini budget delivered last September, with new stock levels falling by 46% when comparing November to January of this year.

The current influx of available stock is also higher when compared to November of last year, suggesting that the negative impact of September’s mini budget could now be behind us. In fact, the analysis found all regions have seen a substantial increase in the number of new homes reaching the market versus January of this year, and every region but London has also moved above last November’s benchmark.

Scotland has seen the biggest uplift in home seller market activity, with a 228% increase in for sale stock over the last two weeks versus the start of the year.

In the North West, there are currently 156% more homes entering the market when compared to January conditions, with the North East (+154%), Yorkshire and the Humber (+148%) and London (+121%) also ranking within the top five biggest increases so far in 2023.

The East of England has seen the smallest uplift in homes reaching the market, but the region has still seen a boost of 64% when compared to the start of the year.

James Forrester, managing director of Barrows and Forrester, commented: “Following the shambles that was last September’s mini budget, many sellers put their plans on hold as uncertainty enveloped the property sector. This led to the level of stock reaching the market across Britain falling by almost half and only added fuel to the fire of a potential downturn.

“However, we’re yet to see this downturn materialise where any notable decline in house prices is concerned and with stability returning to the market, it’s clear that it’s business as usual in 2023. Sellers are acting with a renewed level of confidence and pushing ahead with their sale, resulting in a considerable increase in available stock across the board.”