House prices up as activity bounces back after lockdown

Rightmove’s House Price Index was released to the media this morning and gives a national picture of house prices and activity over the past few weeks.

And it’s great news! House prices are up as activity bounces back after lockdown measures were eased four weeks ago.

Rightmove’s House Price Index summary:

  • ¬†Average asking price of property coming to market in England up by an average of 1.9% (+¬£6,266), compared to March before the housing market was put on hold.
  • A record number of owners are asking for valuations and daily new listings on Rightmove are now up on last year.
  • 40,000 new sales agreed since market re-opened on 13th May, releasing flood of pent-up demand.
  • Unique price analysis of new sales agreed indicates upwards price pressure with buyers across England agreeing to pay 97.7% of the asking price on average, an improvement from 96.6% for sales completed in February.
  • Number of people phoning and emailing estate agents hits new daily record, 40% above the level seen in early March.
  • Rightmove recorded its 10 busiest ever days in May and June, with a post-lockdown traffic boom and home-movers spending over 955,000 hours collectively on 6th June, as England gets moving.

This really is fantastic news and incredible to hear. Now really is the right time to get your property on the market. Click here to get an instant 60-second online estimate now and find out how much your house is worth.

 

 

HOW MUCH IS YOUR PROPERTY WORTH? Selling? Let our team offer you a free, no obligation valuation of your property based on our extensive experience of the local market. REGISTER >

 



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