April House Price Index – What does it mean for you?

The latest Rightmove and Zoopla House Price Index reports have been released, highlighting the continued rise in property prices, and how demand is changing not just nationally, but regionally.

For the third consecutive month, prices have reached an all-time high, with an average increase of over £19,000 since February. For Yorkshire & The Humber this continued price rise means that since April 2021, the region has seen a total 9.8% increase.

What does this mean for buyers in our area?

The supply of homes across the country is slowly beginning to rise, meaning there are now more opportunities for buyers, who are searching for their next move.

With demand still high throughout the region, being prepared to move quickly is key. If you want to secure your dream home, selling your property first could make the difference between moving or missing out.

Our Managing Director, John Watts said: “We are still seeing plenty of demand from buyers across all of our branches, with homes selling faster than ever.

“If you are looking to buy in Bradford, Halifax or the surrounding areas, the best thing you can do is get in touch and let our experienced teams help you find the perfect property for you”.

And for sellers?

Despite the increase of supply coming onto the market, this month we are still seeing prices at an all-time high with a 1.8% monthly increase compared to March prices.

Rightmove’s Tim Bannister said: “Over 125,000 new sellers have taken advantage of the great sellers’ market this month, but more are needed in all areas and in all property sectors to meet high buyer demand.”

With buyer demand still high, now is a fantastic time to list your home and achieve the best price for your property.

If you are thinking of moving in Bradford or Halifax, get in touch with your local Robert Watts branch to get an up-to-date valuation on your property: https://www.robertwatts.co.uk/contact-details/

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