The UK housing market has favoured buyers recently, but new research shows that the market is now profiting sellers.

The UK housing market has favoured buyers recently, but new research shows that the market is now profiting sellers.

In October, there were 13 property sales per agent – the highest monthly figure this year, according to the October housing market summary from the National Association of Estate Agents (NAEA).

This was up from the previous highest figure of 12 sales per agent, seen during February and April.

"As we expected, the market remained constant in October," said Christopher Hall, NAEA president.

"With buyer numbers and housing stock down by a small margin, it was encouraging to see sales levelling out at nearly the highest point experienced all year. This is definitely a good sign for the future."

The increase in sales volumes, as well as the fall in the number of properties for sale, coupled with a stable interest rate mean that "sellers can look forward to a move away from the strong buyers' market which has dominated the property scene in recent months", according to the NAEA.