An estate agency says there are ‘January Sales’ in the housing market, with many vendors cutting prices to secure quick transactions.

eXp UK analysed over 322,000 homes currently listed for sale across the market in England, looking at what proportion of this stock has seen an asking price reduction.

The figures show that as many as 113,612 homes have seen a reduction in asking price in the current market, equating to some 35.3% of total market for sale stock.

Norfolk is home to the best chance of bagging a bargain in the January sales, with 44.6% of all homes currently listed on the market having seen an asking price reduction.

The Isle of Wight is home to the second strongest chance of bagging a January sale property purchase, with 40% of all homes currently listed for sale having seen a price cut.

East Sussex completes the top three where 39.2% of all homes have seen a price cut in order to tempt buyers into a January property purchase.

Other areas to make the top 10 include Lincolnshire (38.9%), Herefordshire (38.9%), West Yorkshire (38.4%), Nottinghamshire (38.3%), Dorset (38.2%), Rutland (38.2%) and Hampshire (38.1%).

However, homebuyers in Northumberland have the slimmest chance of bagging a price reduced property in the January sales, with just 28.5% of all homes listed for sale in the current market having seen a price reduction.

See where your county ranks here.