Rightmove have revealed that March is the strongest month to sell as the spring surge gathers momentum.
New data from the UK’s biggest property website Rightmove reveals that March is the strongest month of the year for prospective sellers to come to market.
The study, which compared home-moving data over the last five years, excluding 2020 to account for the closed market periods, showed March is the month when the highest number of buyers are enquiring about each property available on average.
This means competition between buyers is at its strongest in March on average, providing an opportunity for many would-be sellers to have a good chance of selling their home.
Currently, approximately three quarters of all properties are successfully finding a buyer, compared to a historical average of around half, and homes are finding buyers in an average of 39 days, compared to an average of 59 days over the last five years.
The number of new listings coming to market is also historically at its highest in March, though the high levels of buyer demand seen in the month means March is still the strongest month to sell.
April is the next strongest month to sell, based on competition between buyers for each available property, followed by May.
As this year’s spring surge gathers momentum, the level of home-moving activity continues to increase since the start of the year.
With warmer weather hopefully on its way, searches for gardens jumped 70% in January compared to January two years ago, as more people look for outdoor space heading into spring.
If you’re considering selling, now is time to get in touch, so give us a call on 01323 412550 to arrange for a free market appraisal of your property.
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