Early-bird sellers benefit from busiest ever start to a New Year
If your thinking of selling, read Rightmoves take on the market below to find out why now is a great time to move!
Early-bird sellers benefit from busiest ever start to a New Year
- The average price of property coming to market jumps by 0.3% this month (+£852) to £341,019, which is 7.6% higher than in January 2021, the highest annual rate of price growth recorded by Rightmove since May 2016
- First-time buyer average
- asking prices hit a new record of £214,176 after a monthly jump of 1.4%
- Strong demand and continuing low numbers of available homes for sale set up the housing market frenzy to continue into the start of 2022, with early-bird sellers benefitting from increased buyer competition:
- The number of buyers enquiring about homes is 15% higher than the same time last year.
- The number of available homes for sale per estate agency branch drops again to a new record low of just 12.
- As a result, competition among buyers is almost double what it was at this time last year.
- However, there are early signs that more property choice is on its way, with the first working week of 2022 being the busiest start of the year ever for people requesting agents to come out and value their homes:
If your thinking of moving and would like an idea of what your property is likely to achieve in the current market then get in touch with me directly or via our valuation request form
If you're looking to buy but havent already registered for our 'Heads Up Alerts' to be notified early of any properties that are not yet on the portals, you can do it quickly and easily here
I am always available for a conversation either via our WhatsApp chat on the website or via email james@elliotlee.co.uk
James Burgess
Sales Director