< 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

Game changers

How modern life has altered the dating scene   If you speak to your grandparents or parents about how they met, you are often hit with misty-eyed reminisces of eyes catching across a busy dance floor or meeting through mutual friends. What follows next is the common reprimand of having to trust your potential beau …

Read more...

If music be the food of love…

Play on or listen on- do music your way   What are your plans for Monday 21st June? Will you compose a new piece on the piano? Choose some calming zen pieces to accompany your yoga practice? Browse Spotify for a new artist to explore? Why? Because 21st June marks World Music Day- an art …

Read more...

England will need nerves of steel in Euros showdown

Expect Scotland’s underdogs to bare their teeth in Group D clash   Ever since Robert the Bruce gave King Edward II a good seeing to at Bannockburn more than 700 years ago this month, relationships been England and Scotland have been a bit spicey. Not that they were over-cordial beforehand, but by defying the odds …

Read more...

Taking the indoors-outdoors

Making the most of your space   With warmer weather approaching, now is the perfect time to re-vamp your outside space ready for entertaining. The first thing to look at is the size and orientation of your garden. What do you want to use the space for, entertaining (dappled sun or shade is often best …

Read more...