< 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

Autumn Décor for your Home

Getting your Home ready for Autumn   Nature is doing its part and creating a gorgeous landscape of autumnal colours outside which means it’s time for you to start creating a cosy escape inside your home too. A great place to start is your front door, for two reasons. One: It’s the first glimpse neighbours …

Read more...

Boosting your child’s well-being

Practical steps you can follow   We all have our ups and downs and for children these can be confusing. It is an unusual time for them as they return to school following the summer holidays with many restrictions being lifted. This could cause them to feel uncertain and a little bit lost. Here are …

Read more...

Recycle week

Step it up   Recycle Week is Recycle Now’s flagship annual event which is a celebration of recycling across the nation. Now in its 18th year, it’s the one week of the year where retailers, brands, waste management companies, trade associations, governments and the media come together to achieve one goal: to galvanise the public …

Read more...

Giuseppe’s ready to rise to the Bake Off challenge

Bristol baker heads into Britain’s most daunting tent   The Great British Bake Off is back … and Bristol will be represented! Giuseppe Dell’Anno, a chief engineer, faces 11 other hopefuls including a detective and miniature zoo owner attempting to be crowned Britain’s best amateur baker and he has the pedigree to do well – …

Read more...

Get your DIY on

Top TV shows to inspire you with your Home Renovation   You know you’re growing up when your penchant for reality TV takes a strong swing in the direction of home renovation shows. You’re less bothered about the contestants on Love Island and more concerned with they can stick to such a tight budget on …

Read more...