26 Nov 2024 Company Update
Did Someone Say Christmas? 🎄✨🎄✨…
Portal says both buyers enquiries, traffic and number of new property listings exceeded last year’s already record Boxing Day.
Happy New Year! As we step into 2025, the housing market shows promising signs of a bustling year ahead.
Latest data from Rightmove reveals its busiest Boxing Day ever for new seller activity, with a record-breaking number of properties listed for sale by agents and the highest-ever levels of sales enquiries.
The number of new properties coming to market surged by 26% compared to Boxing Day 2023, which previously held the record. Nearly half of the homes listed by new vendors were mid-market, second-stepper homes (three- and four-bedroom properties). One-third comprised smaller, first-time buyer homes, while the rest were larger, top-tier homes.
The South East of England led in new listings, followed by the East of England and the South West.
Buyer demand was equally robust, with total enquiries sent to estate agents up by 20% compared to the same day in 2023. This reflects buyers capitalising on greater market choice as they plan their 2025 moves.
Steve Pimblett, Rightmove’s Chief Data Officer, highlighted the encouraging trends:
“We’ve seen a record-breaking Boxing Day, not only for people turning to the Rightmove platform once the Christmas Day festivities are over, but also for home-movers taking action and getting ahead of a 2025 move. While it’s very early days, these first indicators are positive signs for a busy start to the year.”
Are you thinking of moving in 2025? Start with a free property valuation today!
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Take the first step toward your next chapter – let’s make 2025 your year!
Article taken from “The Negotiator”
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