Zoopla: housing market recovery continuing amid brighter 2024 outlook

The Zoopla House Price Index has found sellers are still accepting five-figure discounts on their properties. But house price inflation is improving.

Zoopla House Price Index: people look at estate agency's listings
The Zoopla House Price Index has shown sellers are continuing to agree to discounts
(Image credit: Getty Images)

Confidence appears to be returning to the housing market, after the latest Zoopla House Price Index showed transactions were on the up.

In the four weeks to 17 March 2024, the number of agreed property sales was 9% higher year-on-year, according to the data. It meant that Q1 this year saw 7% more activity than the same quarter in 2023. The listings website also said the stock of homes that were on sale had increased by 20% since March 2023, with a typical estate agent having roughly 30 homes on sale.

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Henry Sandercock has spent more than eight years as a journalist covering a wide variety of beats. Having studied for an MA in journalism at the University of Kent, he started his career in the garden of England as a reporter for local TV channel KMTV.

Henry then worked at the BBC for three years as a radio producer - mostly on BBC Radio 2 with Jeremy Vine, but also on major BBC Radio 4 programmes like The World at One, PM and Broadcasting House. Switching to print media, he covered fresh foods for respected magazine The Grocer for two years.

After moving to NationalWorld.com - a national news site run by the publisher of The Scotsman and Yorkshire Post - Henry began reporting on the cost of living crisis, becoming the title’s money editor in early 2023. He covered everything from the energy crisis to scams, and inflation. He also has bylines in MoneyWeek.