Let’s take a look at the recent housing market in the UK. For reference, when you see the small blip in the graphs a couple of weeks ago, this is down to the extra bank holiday for Her Majesty The Queen’s funeral, which was unlike most bank holidays in that everything shut down – only Easter Sunday and Christmas Day are similar.
Sales
Our data is still seeing more property coming to the market (For Sale) each week compared to this time last year (grey). The market is still tracking above the 2021 weekly numbers and almost matching those of 2019. So we’re currently seeing good numbers coming up on to the market for sale! Stock has returned to the market in recent months.
With the sales that are being agreed, we’re still seeing weekly volumes of sales at a lower rate than the past 2 years, but higher than the last normal year of 2019. So, even with all the uncertainty surrounding the cost of living, there’s still more people looking to buy property than in 2019.
Rentals
The rental market is still somewhat different to the sales market in the UK. We’re seeing fewer new listing coming to the market To Let and also fewer Let Agreed properties week on week when compared to recent years. However, the gap between Let Agreed properties this year is closing week on week with the volumes of 2021.
TwentyCi is a leading data agency specialising in UK property data and boasts the largest real-time and historic home mover property market data in the UK. This UK property data is collated from over 4,500 data sources. Many businesses from removers, storers, retail, finance, utilities, and automotive have a strong successful history of availing of TwentyCi’s data, to gain a deeper understanding of their customers, as well as using the data for marketing purposes.
Source: TwentyCi
