Autumn Brings Fresh Opportunities for Home-Movers

As the leaves start to change, so does the property market. According to Rightmove’s September House Price Index, the autumn season has sparked early action among home-movers, creating a new window of opportunity. The latest data reveals a promising rise in average new seller asking prices by 0.8%, bringing the national average to £370,759—a monthly increase of £2,974. This boost is a positive sign for sellers looking to enter the market as activity levels continue to climb.

What Does This Mean for Sellers?

With more properties becoming available and improving mortgage rates, many potential home-movers are seizing the chance to make a move. However, it’s essential for sellers to remain competitive in their pricing, as affordability remains a significant concern for many buyers. The recent surge in new sellers—up 14% compared to this time last year and 3% ahead of 2019—indicates a vibrant market with increased options for buyers.

Buyer Demand on the Rise

Buyer demand has seen a notable annual increase, up by 15% as more potential buyers engage with agents and explore their options. This uptick in interest suggests that, despite economic uncertainties, there is still strong appetite for property. Sellers who can price competitively and showcase their homes effectively stand to benefit from this heightened demand.

Sales Agreed See a Significant Boost

One of the most encouraging signs is the 27% increase in sales agreed, compared to a more subdued period last year. This surge reflects the growing confidence among buyers and sellers alike, as they take advantage of the current market conditions.

Making the Most of Autumn’s Market Momentum

For those considering putting their property on the market, now is the time to act. The combination of improved mortgage rates and increased buyer demand presents a unique opportunity. However, success will depend on strategic pricing and effective marketing.

As we continue to see this positive trend, it’s crucial to stay informed and prepared. Whether you’re buying or selling, understanding the current market dynamics will help you make the most of this autumn’s property window.

Ready to explore your options? Get in touch with us today to discuss how we can help you navigate the market and achieve your property goals this season.

Original source: Rightmove September House Price Index.