Hi again, let’s talk about some exciting news just in that is bound to inject some much needed hope into the property market. Rightmove just dropped some stats about the market, and trust me, it’s good news for many people fed up with a snoozing market.
Imagine this: Thursday, March 28th, just before the Easter weekend kicks off. It’s a day filled with anticipation (in my house, mainly about what chocolate is going to appear over the weekend), but guess what? It turned out to be a game-changer for all of us looking to buy or sell our homes.
Rightmove just revealed that March 28th saw the largest wave of new sellers entering the market so far this year. That’s right – more options for all of us on the hunt for our dream home!
And here’s the best part – it wasn’t just a regular day. Nope, it ranked as the third busiest day for new property listings since August 2020. News many of us have been waiting for.
With a whopping 45% increase in homes added to Rightmove compared to the previous Thursday, it’s like a treasure trove of properties waiting to be discovered. Talk about a buyer’s paradise!
But let’s not forget about our sellers out there. The market is heating up, and it’s the perfect time to showcase your home to eager buyers. Something else to bear in mind, the numbers don’t lie – average asking prices have seen a steady rise, now standing at £368,118 across Great Britain.
And here’s where it gets interesting for all of us across different regions. Asking prices in Wales have shot up by a jaw-dropping 29% since March 2020, while London has seen a solid 8% uptick during the same period. It’s like a real-life adventure unfolding right in front of our eyes!
Now, let’s hear from the experts. Rightmove’s property guru, Tim Bannister, shared some valuable insights, saying: “A huge number of new sellers came to market as we all geared up for the Easter break, all hoping to capture the attention of those buyers using the long weekend to home hunt alongside their Easter egg hunts.”
But, here’s the scoop for all of us – it’s still a bit of a balancing act out there. So, whether you’re buying or selling, it’s essential to work closely with your agent to navigate the market and secure the best deal possible. My advice is choose an agent you believe in, be careful of contact lengths and know what you are looking for in an agent before asking for your three valuations.
Well there you have it, the latest buzz from the world of estate agency, tailored just for you. With opportunities aplenty and excitement in the air, it’s time to take the plunge and explore all that the market has to offer.
