Asking Prices Are At An All-Time High Right Now

Posted on: 20 October 2020

Asking prices are at an all-time high right now

Prices of newly-listed properties are at a record high and homes are selling quicker than ever before, but what does this mean for your home move?

Well, buyers are being spurred on to act quickly, fuelled by the extra competition in the market. In fact, the number of buyers contacting estate agents is up by two-thirds compared to a year ago.

Sellers, however, should be careful not to overvalue their homes, because if they want to complete a sale in time for the stamp duty deadline, they need to find a buyer soon rather than later.

The latest research from our data analysts has found that the average price of property coming to market increased by 1.1% this month, to an all-time national record of £323,530.

This is more than £16,000 higher than a year ago, and the highest annual growth rate for over four years.

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20 October 2020

Asking Prices Are At An All-Time High Right Now

Prices of newly-listed properties are at a record high and homes are selling quicker than ever before, but what does this mean for your home move? Well, buyers are being spurred on to act quickly, fuelled by the extra competition in the market. In fact, the number of buyers contacting estate...

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