Blog Post

Window of opportunity for buyers

TomS - Head Tom Simper Mar 19, 2024, 14:00 PM

The average price of a property coming to market has risen by 1.5%, compared to a historic average uplift of 1% for March and taking it to £368,118 (+£5,279).

This marks the third consecutive monthly price rise and is the largest uptick in 10 months, with increased demand pushing up asking prices.

However prices remain an average £4,776 below the May 2023 peak so buyers are sensing a window of opportunity.

Almost two thirds of agents (64%) say there are 3 or more prospective buyers for each property available. However realistic pricing remains key. Source: #Dataloft Poll of Subscribers, Rightmove. March 2024

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