- The average price of property coming to market nationally has reached a record high of £354,564
- There are currently more than twice as many buyers active in the UK property market as sellers
- 22% of properties in the UK are finding a buyer within the first week of being marketed
Download the window cards and social images below to let potential vendors in your area know.
March’s House Price Index shows a 1.7% (+£5,760) monthly increase in average asking prices – the largest increase at this time of year since March 2004. Not only that, the annual rate of 10.4% is the highest that Rightmove has recorded in any month since June 2014.
This unprecedented price level is being stoked by the greatest imbalance between buyer demand and the number of properties available for sale that we have ever measured at this time of year. There are currently more than twice as many buyers active in the UK property market as sellers and as a result 22% of properties in the UK are finding a buyer within the first week of being marketed. This is double the figure for the same period in the more normal market of 2019. Almost half (47%) are having a sale agreed within the first fortnight.
Looking back at the last five years of data (excluding 2020 to account for the closed market periods) we found that competition between buyers is at its strongest in March and that April is the next strongest month to sell followed by May, meaning now is a great time for sellers to find a buyer.
To help you encourage more sellers to take the plunge and put their property on the market with you now, taking advantage of that imbalance of demand, we’ve created a social & window pack you can use. Download them below:
Download the Window Cards
Download images for your Facebook
Download images for your LinkedIn
Download images for your Twitter