< Back to blog

Busiest-ever housing market; but what does it mean for buyers and sellers Posted On 28 April 2021

Homes are selling faster than ever right now, which is pushing up house prices…

 

It’s official. From stats from Rightmove, it has been confirmed that the property market is the busiest it has ever been with more houses sold in a week in April than ever before, and a record 9.3 million visits to Rightmove in a single day! 145,000 new properties have been listed so far this month, however, this has still not kept up with demand.

There are many factors coming together at the same time that are making the property market so busy; The return of low deposit mortgages, Stamp Duty Holiday extension, the success of the COVID vaccine rollout, and what we call the Lockdown Effect – people now working from home who no longer need to be in a set location, or who are looking for more green space or need a home office.

It’s hard to compare the market to this time last year, due to the property market being suspended due to COVID, however, if we go back further, to 2019, we can see the number of properties coming to the market are up 3% since then, however, the number of sales agreed over the same period is up 55%.

This has led to a shortage of stock which is what is driving up property prices. The average property price has risen by £6,733 in just a month, hitting an all-time high of £327,797. Yet, despite the price jump, buyers don’t seem deterred with it officially being the fastest-selling market that Rightmove has ever measured.

With demand so high, as a buyer, you need to put yourself in the best position possible, to make yourself look attractive to the seller. So it is a great idea to have spoken to a financial advisor – we can put you in touch with one – and have your conveyancing ready to go with a touch of a button.

Likewise, if you are selling, it is a great time to come to the market with the Spring Surge making it look a sure thing to achieve a good price and a quick sale, especially if you don’t have an onward purchase.

If you are looking to sell or buy, please contact us today.

< Back to blog

Connect with us

Recent Posts

Don’t Wait for New Years

Raise a Glass this Friday to celebrate International Champagne Day   Champagne may be French but the idea behind Global Champagne Day (this year to be celebrated on the 22nd of October) began in America in 2009 – started by an American blogger, Chris Oggenfuss, who wanted to honour the wine of kings. Champagne is …

Read more...

Mortgage Appraisal

How to increase your Home’s Value   When you make the exciting decision to sell your home, it will be appraised to determine its current market value. You want to get the best possible price for your home, so it needs to be ready for the appraisal.   The appraiser will look at factors such …

Read more...

How To Avoid Common Pitfalls When Selling Your Home

A guide to make the Process as simple as Possible   Congratulations! You’ve made the exciting decision to sell your home! This process can be time-consuming and emotionally challenging. Strangers invading your home and criticising your choice of wall colour or carpet style can feel offensive and it’s hard not to refrain from asking them …

Read more...

Embracing The Cosy

Your Autumn style Fix   Autumn officially began two weeks ago and whilst we are still being treated to the occasional kiss of sunshine, it is time to indulge in the cosiness that comes with the autumnal season. After a year in tracksuits and lounge/athleisure wear, this autumn presents the perfect opportunity for some fearless …

Read more...

Wake Up and Smell the Coffee

Sip your Favourite Beverage this Coffee Week   The UK’s Coffee week begins on Monday 18th October this year and is a period where coffee shops, restaurants, roasters, and their customers come together to raise funds for Project Waterfall – a charity working to end the water crisis in coffee-growing communities across the world. By …

Read more...