General   |   March 20, 2021   |   Charlotte Hagan

Spring 2021 is the strongest housing market for home sellers in a decade

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Rightmove’s latest statistics show there is a record amount of people enquiring about properties on their site in 10 years! 34% greater than last year and they believe it is due to people looking for more space due to a change of lifestyle or career.

If you’re thinking about selling your home but have been waiting to see what will happen in the housing market, they believe this the best sellers’ market of the decade – and perhaps one of the best ever Easter periods to sell.

Rightmove’s property data expert Tim Bannister says: “Concerns of a cliff edge for the housing market at the end of March have dissipated, partly due to the tax deadline extensions in all of the UK bar Scotland. Strong buyer demand will be further boosted from April by the new Government guarantees enabling lenders to return to the widespread availability of 5% deposit mortgages.”

The average asking price of a property coming to market on Rightmove has risen by 2.7% in the past year to £321,064 nationally. Asking prices also increased for the second consecutive month, with a rise of 0.8% (+£2,484) recorded in March. Despite fewer properties coming to market, the number of sales agreed for the first week of this month was still 12% higher than a year ago. Almost two out of three properties currently on estate agents’ books are currently sold subject to contract.

Here at Petty Real, with our experienced, hardworking and confident team members, we will get the best price for your property. If you would like further information on how much your property is worth, we would be more than happy to assist you: [email protected] or 01282 415 111.

 

 


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