Shaun Cafferty’s Post

2023 Rightmove Boxing Day stats packs a punch! What this means for you... The recent data indicates a significant surge in property activity on Boxing Day 2023, breaking last year's record with a 26% increase in new sellers. This positive trend was mirrored on the buyer's side, with a remarkable 273% spike in buyers contacting estate agents about homes for sale compared to Christmas Day. Visits to the Rightmove platform also saw a substantial rise of 84% between Christmas and Boxing Day. I suspect accurately priced properties will start to get snapped up as we see this increase in buyers (that have been holding off) ready to commit!

Rightmove saw a record number of sellers come to market on Boxing Day with an increase of 26% compared to 2022. 📈 💪 Busy times for us property sign erectors! Read more about the increase of properties going to market here… ⬇️ https://buff.ly/3vzsKbp #propertymarket #houseingmarket #propertysector #housesforsale #forsale #onthemarket

Rightmove reveals record Boxing Day bounce - will it move the market? On Boxing Day, Rightmove reported a record number of new sellers entering the market, with a 26% increase compared to the previous year. The number of buyers contacting estate agents about homes for sale also significantly increased, nearly quadrupling from Christmas Day and rising 17% from the previous Boxing Day. Visits to the Rightmove platform were up 84% between Christmas and Boxing Day, and 8% higher than in 2022. Rightmove's property expert, Tim Bannister, sees this as a positive sign that both buyers and sellers are actively engaging in the market. However, he emphasises the importance of monitoring activity as the year progresses, particularly to ensure that sellers are pricing their properties attractively to secure quick sales. Nathan Emerson, chief executive of Propertymark, also expressed positivity about the market's resilience, despite the traditionally quiet period during Christmas. He highlighted sellers' confidence and optimism in the market, hoping for more positive news throughout the year. #propertymarket https://lnkd.in/evFWsHcS

The recent statistics from the property market showcase a noticeable uptick in activity post Christmas, aligning with the broader trends observed during this period. This resonates with my professional experiences as well, as there's been a steady flow of viewing requests, key handovers, and other appointments throughout the month. It seems that both buyers and sellers are keen to get a head start on their 2024 plans, indicating a solid and active start to the year in the property sector. #PropertyMarket #RealEstate #MarketTrends

The below shows positive signs regarding the start of this year. Given the increased level of choice out there for buyers now it will be interesting to see where sellers choose to price their properties over the following months and what changes this has on their time to find a buyer.

Fascinating insights from Rightmove's recent stats! 🏡 The data reveals a remarkable Boxing Day, breaking records with a 26% increase in new property listings compared to the previous year. 📈 In the estate agency realm, there's an ongoing debate about the trend of listing properties on Boxing Day. More listings mean increased confidence among sellers, indicating a promising trend for market movement. Those who hesitated in 2023 due to affordability concerns are now actively entering the market 💸. Moreover, a noteworthy 17% surge in buyer inquiries this year compared to the last adds another layer to the story. Balancing the market dynamics, a stable market is achieved when supply and demand align perfectly. Too much property and too few buyers can drive prices down, while the opposite can lead to price surges. As we keep a keen eye on these developments, it's exciting to see the trajectory pointing towards heightened market activity and stability. This creates a win-win situation for both buyers and sellers. My take? In 2024, my bet is on small growth rather than a price drop, aligning with the current trends. 🔥

Rightmove’s latest data reveals that there was a new record number of sellers that came to market on Boxing Day 2023. It was 26% increase in new sellers compared to the previous record of last year. Buyers also got their new year moving plans in motion on Boxing Day, with the number contacting estate agents about homes for sale nearly quadrupling (+273%) from Christmas Day, and 17% higher than Boxing Day last year. Visits to the Rightmove platform nearly doubled (+84%) between Christmas Day and Boxing Day and were 8% higher than last year. A boost was expected, since Boxing Day traditionally signals the start of home-mover activity starting to ramp up following the usual lull over Christmas.

Some reassuring news from our property world... According to recent data from Rightmove, there was a notable increase in sellers entering the market on Boxing Day 2023 - an impressive 26% rise, surpassing last year's figures 📈 Equally noteworthy, homebuyers wasted no time getting a jumpstart on their New Year moving plans. On Boxing Day, the number of buyers reaching out to estate agents about available homes nearly quadrupled (+273%) from Christmas Day, and it's a solid 17% higher than Boxing Day last year. Seems like the property market is gearing up for the year ahead! Read more via Property Industry Eye #PropertyMarket #Rightmove #BoxingDay #PropertyNews

According to Rightmove, there was an 8% increase in people using the online property search portal compared to the same day last year. There was also a 26% rise in new seller listings compared to the previous year. This indicates a positive outlook for the market as clearly buyers and sellers are out there wanting to make changes. With inflation continuing to fall, we are hoping interest rates will reduce meaning more people can get on the property ladder.

A record number of homes were listed after Boxing Day last year. Sellers have planned to get their homes ready for the market in time for the New Year when buyer interests usually rise. Estate agents listed nearly triple the number of homes on Boxing Day (+173%) in comparison to the 2019 pandemic which was 46% higher than in 2021. Property expert Tim Bannister says: “We typically see a post-Christmas upturn in buyer activity, with early-bird buyers finishing off their turkey dinners and searching for a new home for the new year. It’s a key reason why we’re seeing more new sellers come to market on Boxing Day, ready for their properties to be the first seen by prospective new buyers. “However, with activity typically increasing from Boxing Day into January, sellers planning to come to market later in January still have time to capitalise on the renewed buyer activity,” he adds. #boxingday #newyear #2024housingmarket #UKproperty #UKrealestate #UKhomes #UKinvestment #UKhousing #UKproperties #PropertyInvestingUK #PropertyInvestment #PropertyNewsUK #RealEstateUK #InvestinginProperty #InvestinUKProperty #UKPropertyMarket #UKRealEstateNews #PropertyInvestorUK #Thursday #ThursdayNews