The Spring home-moving season is off to a strong start, with a notable surge in new property listings. Thursday March 28th, just before the Easter break saw the highest number of new listing on Rightmove this year, 45% more than the previous Thursday. This influx of new sellers on Rightmove suggests a busy period for the housing market, with the hope of attracting buyers who utilised the long weekend for both home and Easter egg hunting.
Property experts, highlight the importance of pricing competitively in this market, despite the increased activity. Sellers should heed advice from their agents on pricing competitively to help secure a successful sale.
In terms of the broader housing market, there’s a continuation of the recovery seen after a subdued 2023. Asking prices have risen by 0.8% over the past year, with variations across regions. For example, a regional look compared to pre-covid years shows varying regional price variations, with asking prices up by 23% since March 2020 in the South West, versus an 8% uplift in London.
Here at Bourne Estate Agents, we understand the importance of staying informed about local market conditions when considering selling your home. Keeping tabs on trends and performance in your area can help you make informed decisions about timing and pricing.
We offer a convenient option for homeowners: our instant valuation service. With just a few clicks, you can receive a quick estimate of your home’s value, helping you understand its potential worth in today’s market.
Whether you’re looking to capitalise on the spring home-moving season or simply exploring your options, Bourne are here to provide the expertise and resources you need to navigate the selling process with confidence.
Sourced from Rightmove