According to the latest Rightmove House Price Index, the average price of properties coming on to the market in the UK increased by 2.3%, or £7,785, during the last month, to hit a record of £348,804, the biggest monthly jump ever recorded by Rightmove.
Looking to sell your home?
When broken down by region, our areas outperform the UK average, with
prices in Yorkshire up 12.6% and the region has
also seen the most significant monthly change, with property prices
coming onto the market increasing by 6.2% since January.
This means that if you are looking to put your property on the market, now is a fantastic time to get your home appraised and get the best value for your home.
Managing Director, James Watts said:
“As demand for property continues to increase across Yorkshire, local homeowners are getting even more value for their homes.
“First-time buyers and those looking for their second step on the property ladder are helping fuel the demand for homes as, even two years on, the pandemic continues to alter buyers’ perceptions of what they really need from their property.
“It’s fantastic to see homeowners across the region able to achieve the moves they’ve been waiting for, and we are expecting to see the market continue to thrive as we head into spring.”
How will this affect buyers?
With the number of new sellers bringing their homes to market increasing by 11%, there is now more choice for buyers looking to take their next, or first step, on the property ladder.
However, the market is still competitive, so the best way to secure your dream home is to register as a buyer with your local Robert Watts branch.
If you are looking to buy or sell this year, our dedicated team are here to help. For free expert advice on your next move, or to book a market appraisal for your property, contact us here.