Blog Post

Sales head up while sale time heads down

TomS - Head Tom Simper Nov 24, 2020, 11:00 AM

Demand levels and sales activity remain buoyant in the UK housing market. Rightmove report agreed sales were up 50% in October, with properties selling (sold SSTC), in just 49 days, 15 days faster than a year ago.

Buyer demand across England was 49% higher year-on-year during the first six days of Lockdown 2.

The market is currently strongest in the higher price brackets. Year-on-year has been a 106% uplift in sales priced £400,000–£500,000 compared to just 16% for those priced £100,000–£200,000

Activity levels are also higher in the regions where average property prices are the highest, buyers set to make bigger stamp duty savings in these locations. Source: Dataloft, Rightmove (October 2020 v October 2019)

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