Which month is the best time to sell a home? Apparently it’s February!
Over the years, many of our clients have said they prefer to get Christmas and New Year out of the way before thinking about moving.
This general feeling has now been backed up by a survey carried out by Rightmove, the findings were published by them on 25 January 2024.
Here are some of the highlights from the report…..
Been wondering when the best month to sell a home is? Rightmove analysed millions of properties that have been listed for sale since 2012 (excluding 2020 due to the pandemic) to see which months fare the best in terms of finding a buyer, and when homes sell most quickly.
And while all of the spring months are typically busy for the property market, it’s February that came out on top. It takes an average of 51 days to find a buyer in February, and it’s also the month when homes listed for sale are most likely to find a buyer — and make it through to completion.
It’s maybe no surprise that the second month of the year is one of the best periods to come to market. There’s lots of seller activity as Estate Agents and Developers gear up for the busy spring selling season, while potential buyers who were busy during the Christmas period get ready to put their moving plans into action.
What’s happening in the housing market now?
The period after Christmas 2022, and into early 2023, was a relatively muted time for the property market. Mortgage rates were at historic highs in the wake of the mini-Budget, and there was lots of uncertainty around how this might affect the property market, and house prices, which led to lots of buyers and sellers pausing their plans. But this year, Rightmove say that they are seeing encouraging signs, as home-movers who chose to stay put and see what played out in 2023 are now coming to market. The number of buyers contacting agents about homes for sale is 8% higher than last year, while the number of new properties being listed by sellers is 11% higher.
What if you’re thinking of selling your home soon?
If you’re thinking of moving and are curious to know how much your home is worth, getting an instant online valuation is a good place to start. You can also check house prices in your area, to work out how much homes near you have sold for.
Finding out what you can afford to borrow is a key step in your decision to move, make improvements on your current property or remortgage. Lenders are being very proactive at the moment and offering a wide range of products and deals. As a fully independent Broker, we will look at the best product to suit your specific requirements and needs. Regardless of your situation we can help.
Contact Us
For further details about the mortgage and protection products we offer as a fully independent mortgage broker, or any other mortgage information, book your FREE CONSULTATION with one of our expert Mortgage and Protection Advisers.
Bristol Mortgages Online www.bristolmortgagesonline.com Tel 0117 325 1511
Bath Mortgages Online www.bathmortgagesonline.com Tel 01225 584 888
Weston Mortgages Online www.westonmortgagesonline.com Tel 01934 442 023
Exeter Mortgages Online www.exetermortgagesonline.com Tel 01392 690 888
