Property is selling fast
Newly-marketed properties are being snapped up fast, with Rightmove reporting that 22% of deals are agreed within the first week of being listed.
This is more than double what was seen at the same time in 2019 and reflects the continued large disparity between supply and demand in the market.
Over 60% of agents in the latest Dataloft subscriber poll reported that properties were selling, on average, after 4 viewings or less.
With momentum in the market high, close to 2 in every 5 properties (39%) are selling at over the asking price (NAEA). Source: Dataloft Inform, Rightmove, NAEA