SALES SURGE PUSHES NEW-TO-MARKET PRICES TO RECORD HIGH

Latest report our from Rightmove today suggests the market is moving.

At Williams & Goodwin we concur that February was a good month of property sales being agreed, which has continued into March. Here is a summary of the report and link to full report:

• Average new seller asking prices hit record high of £312,625, pushing annual price growth to 3.5%
• Record prices fuelled by strong buyer demand and lack of supply compared to the same period a year ago:
• Number of sales agreed up by 17.8%, to the highest at this time of year since 2016
• Properties selling an average of 6% faster nationally, and 18% more quickly in London
• Disparity between supply and demand as new seller numbers rise by just 1.2%
• Rightmove recorded five busiest days ever in February
• Hard to predict how post-election boost will be affected by unknown impact of coronavirus