Zoopla believes that having more homes for sale and renewed buyer confidence means more sales are being agreed.

Additionally, for the first four months of 2024, the number of homes going under offer has also been higher than in the first four months of 2023.

•   What's in store for the bridging and commercial markets in 2024?
•   Rob Collins returns to Sirius Finance
•   ASTL joins industry opposition to FCA's 'name and shame' proposals

Mortgage approvals for home purchases also went up 32% year-on-year in February 2024, marking another return towards pre-pandemic levels. 

Fuelling this positivity, house prices are continuing to hold steady right now, and annual house price inflation is largely unchanged since last month.

It currently stands at -0.2% at the end of March 2024.

Zoopla’s executive director of research, Richard Donnell, commented: “The housing sales pipeline is now rebuilding after a period of lower sales, when mortgage rates spiked higher in 2022 and 2023. 

“Our data shows that the housing market remains on track for 1.1 million sales completions in 2024, up 10% on 2023.”