All regions saw an improvement in annual rate of change in first quarter of 2024.

Sales agreed are up 9% compared to a year ago.

Average house prices increased in 69% of areas compared with 2022, while average earnings increased in 88%.

House prices climbed by 0.5% between December and January.

The number of sales being agreed is now 13% higher than at this time last year.

House prices continue to stabilise with twelve-month projections signalling a return to growth.

The average house price is now only around £1,800 below the peak seen in June 2022.

The annual rate of change returned to positive territory for first time since January 2023.

The number of homes for sale are a fifth (21%) higher than a year ago, with buyer demand up 11% and sales agreed 15% higher.

Agreed sales in the first six weeks of 2024 are 16% higher than over the same period last year.