Rightmove reveals big rise in vendors coming to market

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Reported by David Callaghan the Negotiator

The housing market enjoyed its best day so far this year last week with a bumper number of sellers taking the plunge, says Rightmove.

It reveals that Thursday 28 March, the last working day before the Easter break, was the biggest single day for the number of new sellers coming to market.

And it was the third biggest day for new listings since August 2020, with Boxing Day in 2022 and 2023 being the only days with more properties coming to market in one day.

45% MORE HOMES ADDED

There were 45% more homes added to Rightmove last Thursday than the previous Thursday, as people got their homes on the market to try and capture the attention of buyers across the Easter weekend.

Recovery in the housing market continues, with asking prices up 0.8% over the past year, currently standing at £368,118 across Great Britain, Rightmove says.

Regional price figures show asking prices up 29% since March 2020 in Wales, versus an 8% rise in London. A huge number of new sellers came to market as we all geared up for the Easter break.”

Tim Bannister, Rightmove’s Property Expert, says: “A huge number of new sellers came to market as we all geared up for the Easter break, all hoping to capture the attention of those buyers using the long weekend to home hunt alongside their Easter egg hunts.

“It’s still a price sensitive market, so while the uptick in activity we’ve seen over the past few months is a positive sign, sellers still need to heed the advice from their agent on pricing competitively to help secure a successful sale.”

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