26th April 2021

Housing market sees the strongest spring for home sellers in a decade!

Many of us have been thinking about selling our homes in recent months, with a record number of buyers enquiring about properties on Rightmove.
 
Compared to this time last year, demand levels are 34% higher; even in light of the market's pre-pandemic surges in activity at the start of 2020.
 
There were moments of concern when thinking about how the rest of 2021 was going to play out, with a predicted cliff edge, but thanks to the stamp duty holiday extension and the 5% deposit scheme, buyer demand will be further boosted throughout this month and next.
 
The average asking price for a home coming to the market has risen by 2.7% in just the past 12 months, bringing the average house price to £321,064 in the UK.
 
National average asking prices.
 
Month
 
Avg. asking price
 
Monthly change
 
Annual change
 
Index
 
March 2021
 
£321,064
 
+0.8%
 
+2.7%
 
248.2
 
February 2021
 
£318,580
 
+0.5%
 
+3.0%
 
246.3
 
  
 
Despite fewer properties coming to market, the number of sales agreed for the first week in March was still 12% higher than 12 months ago, whilst almost two out of three properties currently on agents’ books are sold subject to contract.*
 
If you are thinking about taking advantage of this incredible demand and would like a quick sale, please book a valuation to start the process.

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