The number one portal is making a big marketing and research push to get reluctant owners to put up the For Sale boards next month.
It says its own research shows that March is the strongest month of the year to sell a home, having the highest number of buyer enquiries per property for sale on average over the last five years.
While new listings are also highest in March, strong demand from buyers in the month means March sees the highest competition for the homes available on average.
It says data currently suggests a build up of momentum as March nears: for example listings are up 11 per cent in the last three weeks compared to the same period last year, while buyer demand is up 32 per cent over the last three weeks compared to the same time last year.
Home-valuation requests to estate agents are up 27 per cent since the start of the year compared to the start of last year, while searches for gardens have jumped 70 per cent in two years, as more people continue to look for outdoor space.
Tim Bannister, Rightmove’s director of property data, comments: “For any sellers who might be conscious of coming to market at a time when the number of new listings has traditionally been high, the data shows us that the level of demand in March means sellers are likely to met with multiple potential buyers competing for their home.
“Those thinking of selling are also likely to be aiming to buy a new property, and may be tempted to begin the search for their new home before listing their current one on the market.
“Due to the speed and competitiveness of the market, agents are reporting that it continues to be of high importance for those actively looking to become ‘power buyers’, to give themselves the best chance of securing their dream home.
“This means making sure they have their current property on the market or preferably sold subject to contract before beginning the search for their next home.
“This spring is certainly shaping up to be a busy one, with buyer demand, new listings coming to market for sale, and valuation requests to estate agents from future sellers all continuing to increase compared to last year.”
An online auction platform has launched a new instant property purchase...
The level of sales agreed has fallen below its normal market...
The number of home sales being agreed is now back to...
The number of new sellers coming to the market is up...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
In today's rapidly evolving property market, the focus on reducing transaction...
.png)
An exciting new collaboration between TVPN, EstateApps and Paul Long is...
By Mike Bilboe, Face For Business Buying or selling a home can...
LSL Estate Agency Franchising is home to one of the UK’s...
.png)
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Jump to latest comment and add your reply
Last year 406,000 buyers who completed were in fact FTB's with no property to list. Close to one in two who bought in 2021. This does not support the narrative that the lack of stock is due to vendors being nervous about listing before they find, the stronger narrative is that two interest rate rises from the BoE with signals that further rises are on the way, plus rampant inflation, soaring energy costs and an unstable global political picture, and partygate, are making many hunker down to see what 2022 will be like before - deciding to move home.
The housing market is built on sentiment. Yes stock is selling in days, but there is not a sustainable amount of that stock to sell. What value is there if you sell your home in 48 hours if the home you need to buy is not on the market? Answer you stay put.
Please login to comment