Rightmove reports that the housing market is heating up, with people calling estate agents to purchase or sell properties.

According to Britain's largest property website, the number of inquiries from people about houses for sale has increased by 17% compared to this time last.

The number of homes available for sale has also increased by 12% compared to a year earlier - the most since 2014.

Rightmove reports that the number of agreements to sell has increased by 29% annually. This is a significant rebound from 2023's weak conditions.

The fact that there are so many options for buyers is keeping the asking price in check.

Rightmove reports that the oversupply of houses on the market has intensified competition among sellers. Buyer choice is at a level not seen in ten years. This puts downward pressure on asking price.

The average asking price for new sellers rose only 0.3 percent (£1,199), this month, to £371,958.

The monthly average increase of 1.3% is less than what you would expect at this time.

The average selling time is increasing as more sellers come to the market.

The competition for buyers at the upper end of the market is especially intense, with the number of detached four-bedroom houses and homes of five bedrooms or more available to buy 17% higher than last year.