Market updates: September

Moving into the Autumn, Rightmove has released its latest House Price Index and things are looking positive for the backend of the year. The usual buzz has started earlier this year as movers are using this window of opportunity to act as mortgage rates trend downwards and property choices increase.

In Yorkshire, the average price of a house has risen by 0.3% since last month to £253,513, reflecting the increased activity levels in the market, and is a largely positive change in comparison to the more subdued market this time last year.

What does this mean for buyers in our region?

For buyers, this is a great time to search for your new home with the choices of properties expanding and mortgage rates lowering. The average number of homes for sale per estate agent is at its highest since 2014, with 14% more new sellers coming to market in comparison to this time last year.

What does this mean for sellers in our region?

Following on from the better-than-expected summer market and bank rate cut, there is an increased certainty from buyers. 15% more buyers are contacting agents than this time last year, which bodes well for an active Autumn market.

With the number of sales being agreed up by 27% year on year, now could be the right time to put your house on the market. Alongside the rise in the number of buyers coming forward, this is a positive position for the market in the run-up to Christmas.

The current average amount of days to sell a property in Yorkshire is 61 days, which means although the number of active buyers on the market and the number of sales has increased, it is important to use an agent you can trust who will accurately price your property for the best chance of a quick sale.

If you want to increase your chances of a quicker sale, take a look at our  Swift Move  service which removes any unnecessary delays and fall throughs to help speed up the process. 

  Back