There has been a levelling of activity in the residential housing market, according to the March housing market survey by the National Association of Estate Agents (NAEA).
The market was seasonal in March, with buyers, sellers and completed house sales all at a similar level to the same period last year. March is traditionally a busier time in estate agency than February and the March figures reflect this, with a slight upturn in activity from the previous month.
First-time buyers have maintained their improved market share from February and are up on the levels reported in March 2006, despite another imminently expected base rate rise.