The balance between supply and demand shifted toward the supply side as the new instructions net balance outpaced buyer interest for the second consecutive month, according to RICS latest UK Housing Market survey.
New instruction and new buyer inquiries rebounded in February following a weather-skewed dip in January with both net balances turning positive. For the second consecutive month the new instructions net balance outpaced the new buyer inquiries net balance - the first sustained shift towards supply for two years.
Source: propertytalk Live!.