The average number of homes for sale at estate agents fell to a record low 43 per branch in March, while a balance of 3% of those surveyed reported a fall in agreed sales rather than a rise, figures from the RICS show.
The figures show little change in the underlying picture, RICS chief economist Simon Rubinsohn said. High-end sale properties in central London remain under pressure, while a lack of stock continues to underpin the wider residential market.
Looking ahead, the balance of those expecting an increase in sales near term fell to 12% from 16%. For the next 12 months, the balance fell to 24% from 37%.
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