OnTheMarket PLC (AIM:OTMP) said residential housing activity in the current financial year is still very active.
Demand continues heavily to outweigh supply, according to the online property portal, though the level of new instructions has started to increase and that might lead to price growth easing.
"Even if more houses become available, strong demand from serious buyers remains," it said, adding that 63% of properties in the UK were sold subject to contract within 30 days of first being advertised for sale.
Trading remains in line with expectations for 2023, said the statement that accompanied its full-year results for the year to end January 2022.
Revenues rose by 32% to £30.4mln and were in line with the figure flagged in a trading update in February. Underlying profits rose by 13% to £2.7mln.
For the year, there was a pre-tax loss of £0.93mln (£1.14mln profit) reflecting higher staff and development costs.
OnTheMarket, which is owned by estate agents, launched its new website in December and is pivoting towards being a tech-based property business.
The number of agency branches listing had risen 8% to 11,451 at the year-end (2021:10,645), with the percentage of agency advertisers on paying contracts at 90% (2021: 93%).
New homes advertiser numbers also rose during the period with 2,281 developments listed on 31 January 2022, up 12% from 2,042 on 31 January 2021.
Total property advertisers were 13,732 on 31 January 2022 (2021: 12,687), an increase of 8%, while website visits rose by 6%.
Jason Tebb, chief executive, said: "I am delighted to be reporting a strong set of results which show that our strategy is working.”