New buyer registrations surged 17.1% in February, according to Hometrack’s National Housing Survey.
This follows a decline of 6.1% in January and 3.8% in December.
Property listings also increased by 6.7% in February while the number of sales agreed increased 35.9%. In comparison, property listings fell 3.6% in January while sales agreed figures fell 5%.
Richard Donnell Hometrack’s director of research, says: “While the percentage increase in activity may appear relatively high, the underlying transaction levels of market activity are around 60% than they were a year ago.
”Meanwhile, the average time a property was on the market decreased slightly, from 12.3 weeks in January to 12 weeks in February – the same as recorded in December. However, the figure was less than eight weeks in February 2007.
