Record numbers as market bounces back

January 19, 2023

Rightmove have reported record rises in market activity, indicative of an increase in seller confidence coupled with the desire to move.

Whilst it’s normal for interest to soar on property portal Rightmove between Boxing Day and New Year’s Day, the flurry of activity from prospective sellers was 29% higher than the last year, and the highest recorded since prior to the mini budget last September.

According to the leading property portal, a record number of sellers placed their property on the market Boxing Day too, with an impressive 46% rise compared to 2021.

Online traffic on Rightmove also increased by 20% during the Christmas period, with prospective buyers anticipating their move in 2023.

Many homeowners made valuation requests during the festive week, at a notable 29% higher than the same period last year, also making this the busiest week for valuations since early September.

Sellers with their homes on the market are still benefitting from increased online viewings, as attention from the number of prospective buyers continues to grow. With an increase in homes available for sale before and after Christmas, more diverse choice is stimulating buyer activity.

The new statistics are a healthy sign for those looking to move home this New Year. With the housing market ramping up for spring, plenty of enthusiasm has been revealed, with homeowners who were previously holding back now taking action.

With all of this increased activity in the housing market, if you’re a homeowner thinking about selling, now could be a great time to act.

If you’re considering selling your property, please contact your nearest branch for an up-to-date valuation or more information.

If you’re looking to buy property, please take a look at our website and register with us to be advised when a potential home becomes available. If you’d like mortgage advice, we’ll be happy to refer you to one of our independent mortgage advisors, too.

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