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Sales head up while sale time heads down

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Thu 19 Nov 2020

Sales head up while sale time heads down

According to Rightmove, comparing data between October 2020 and October 2019...

·         Demand levels and sales activity remain bouyant in the UK housing market. Rightmove have reported that 'agreed sales' were up 50% in October, with properties selling (sold SSTC), in just 49 days, 15 days faster than a year ago.

·         Buyer demand across England was 49% higher year-on-year during the first six days of Lockdown 2.

·         The market is currently strongest in the higher price brackets. Year-on-year has been a 106% uplift in sales priced £400,000–£500,000 compared to just 16% for those priced £100,000–£200,000

·         Activity levels are also higher in the regions where average property prices are the highest, buyers set to make bigger stamp duty savings in these locations.
 



If you would like to find out more about your local market or receive a free valuation on your property, please do not hesitate to contact us, on 01689862770.