25th March 2021
Last week we saw increases week on week again for the number of properties coming on to the market For Sale. We’ve also seen an increase in the number of Sales being agreed week on week too. This has now been a steady increase on both fronts since mid February. Also, if you want to look at year on year against last year, volumes of new property coming to the market has been overtaking the 2020 numbers to achieve 29% up on 2020 last week. The number of sales being agreed has also been increasing year on year too with 62% more properties agreeing a sale last week when compared to the w/c 16th March 2020 – just as the Pandemic was beginning to really hit the UK last year.
The rental market isn’t as strong as the sales market however. Last week we saw 21% fewer properties listed on to the market To Let than in the w/c 16th March 2020. We also saw fewer properties become Let Agreed. However, this volume last week was still up 9% on the same week last year – again just before the pandemic hit.
One thing to note on these year on year stats for last week is that the w/c 16th March 2020 was when there was beginning to be a lot of talk about the UK changing it’s way of life. Therefore, if I was to look at year on year comparisons any further from here, we’ll hopefully see massively different numbers for this year for the next few months.