There were 97,640 residential transactions in October, up 1 per cent on September but 8 per cent lower year-on-year, according to new figures from HMRC.
Meanwhile there were 97,660 transactions in August.
March 2016 recorded the highest number of transactions in the last ten years.
Legal & General Housing Partnerships director Stephen Smith says: “Despite last month’s annual and monthly decrease in transaction numbers, October’s results highlight the unpredictable nature of our housing market by showing a monthly rise in the number of property transactions.
“These figures confirm that the appetite for home ownership remains strong as we draw to the end of 2016.”