Rightmove has indicated that on Thursday, March 28th—the last official workday before the Easter break—more new sellers chose to list their properties than on any other day of the year so far.
This particular Thursday was only surpassed by the post-Christmas periods of 2022 and 2023, making it the third-highest day for new property listings since August 2020.
Compared to the Thursday of the previous week, there was an impressive 45% increase in properties being listed, as sellers aimed to take advantage of the Easter weekend browsing trend among potential buyers.
After an unremarkable 2023, the UK housing market is experiencing a revival, with the average asking price for homes climbing by 0.8% over the last year, leading to a current average of £368,118 throughout the UK.
An examination of regional price trends since before the pandemic reveals notable differences. For instance, asking prices have risen by 29% in Wales since March 2020, compared to an 8% rise in London.
Tim Bannister, a property expert at Rightmove, commented: “As everyone prepared for the Easter holiday, we saw an impressive influx of sellers listing their properties, all with the hope of attracting the attention of buyers looking to combine house-hunting with their Easter festivities.”
“Despite recent increases in market activity, it’s crucial for sellers to remain aware of price sensitivity. While it’s a positive sign, to realize a successful sale, sellers should follow their agents’ advice on setting competitive prices,” he advised.