Exchanges are on the rise but the amount of stock and level of properties going through conveyancing has dipped, new figures show.
Analysis from data company TwentyCi shows there was a 3.4% increase in exchanges during the three months to December.
Meanwhile, the level of stock for sale has dropped 4.6% since November while there are 4.9% fewer homes currently in conveyancing.
Colin Bradshaw, chief executive of TwentCi, suggested the dip in stock and current sales is seasonal.
He said: "We are seeing a stable market in terms of transactional volumes from November to December, with small decreases in stock availability and SSTCs and an increase in exchanges in the period.
"Whilst these are small changes month on month, they may precedent more difficult trading conditions emerging over time but this is more likely indicative of seasonality effects at this time of year."
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