UK house prices hit an all-time high in buying frenzy
According to the House Price Index for April 2021, the national average price of property coming to market hits an all-time high with a jump of 2.1% equating to over £6,000.
We thought you would be interested to learn about the increase in property prices that we have continued to experience.
The market is moving fast and if you are thinking of placing your home for sale, then it may be worth speaking with Alan Cooper or James Cooper for an up to date appraisal.
Significantly for the Nuneaton area, there is a shortage of homes for sale and this is increasing the level of demand and subsequently we are achieving better prices.
So there has never been a better time to market your home!
Rightmove has published the April 2021 House Price Index and here are the headlines:
National average price of property coming to market hits a new all-time high of £327,797, following a 2.1% (+£6,733) monthly jump
Encouragingly, 145,000 properties were newly marketed this month across the country, but not enough to meet buyer demand
Number of sales agreed up by 55% on same period two years ago, reducing the stock of properties that are available to buy to the lowest proportion ever recorded
Buying frenzy for new stock, with both the average number of days to sell a property reaching its lowest ever level, and the number of houses selling within a week reaching its highest ever level
Mass market of two, three and four bedroom homes selling fastest
March saw time spent on Rightmove surpass two billion minutes in one month for the first time
Although some of the froth is likely to come off the market later in the year once some government economic measures end, we expect activity to remain robust for the rest of 2021
*Source Rightmove Intel
If we can be of any further assistance to you please feel free to contact our sales team on Nuneaton (024) 7634 9336 or email sales@alan-cooper.co.uk
