This is money: Property asking prices rise for second month in a row, says Rightmove – as buyers get back in the game

Regarding the recent announcement from Rightmove, Michelle has been asked for her expert advice by Rightmove and the article has been picked up by discussing the rise in asking prices for the second month in a row.

The article starts off with

It reported 7 per cent more new listings coming to market this February than last year, and a 7 per cent upturn in the number of buyers enquiring.

It also said agreed sales in the first six weeks of 2024 were 16 per cent higher than over the same period last year, and 3 per cent higher than pre-pandemic in 2019.

Rival website Zoopla is reporting similar findings in its data. It said home buyer demand in January was running 12 per cent higher than the same time time last year.

With lot of helpful information, Michelle mentions

“The market remains price sensitive. Motivated sellers need to be realistic with listing prices and take advice on how to effectively position their sale in the current market. Buyer’s budgets are still being largely constrained by expensive mortgage products, so it’s a careful balance.”

To read the full article, please click here

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