đą BIGGEST PRICE DROP since JANUARY as HOUSE-SELLERS tempt BARGAIN-HUNTING pre-XMAS BUYERS đ
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The price of property coming to market drops by an average of -0.6% (-£2,044) compared to last month đ»
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That's the largest monthly fall since January’s -0.9% đ»
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In the East Midlands, we are up down -2.2% on last month taking our average asking price £261,311 đ»
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December is traditionally the quietest month for buyer activity đŽ
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However, this softening of prices only expected to last until Christmas, a small window of opportunity for bargain hunters before the traditional Boxing Day buyer resurgence đ
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The number of people browsing properties on Rightmove on Boxing Day last year was over 50% higher than the previous year đ
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Over 51 million visits to Rightmove between Boxing Day and the first working day of the New Year! đšđšđŠđŠđšđšđ§đŠđšđšđ§đ§
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This increase in buyer activity is likely to push prices higher again â
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Available stock still at low levels (46 listings per agency compared to 66 this time last year) đĄ
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This is expected to rise sharply as home-owners are starting the process of getting their homes ready to sell straight after Christmas đ
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Nationwide, the average time for property to be marked SOLD is 36 days (East Midlands = 33 days) - which is a whole month faster than in February 2020 before the pandemic hit âĄ
đŹ Timothy Bannister from Rightmove: "In the current market, it’s a real advantage to be a “power buyer”, and have already sold your current home when looking for somewhere to buy" đ€
How to become a POWER BUYER!! đȘ
1ïžâŁ Factor to bid above asking price đ
2ïžâŁ If you need to sell, make sure you have an offer accepted BEFORE searching your new home đ€
3ïžâŁ Or better still, be in a position where you don't have to sell to buy đ
4ïžâŁ Have proof of your mortgage offer from DAY ONE đ
DOWNLOAD FULL REPORT HERE: https://www.rightmove.co.uk/news/content/uploads/2021/11/Rightmove-House-Price-Index-15th-November-FINAL-1.pdf
đâïž đđŒđ đșđđ°đ” đđŒđđčđ± đź đŻđđđČđż đœđźđ đłđŒđż đđŒđđż đ”đŒđđđČ đ¶đ» đđŒđ±đźđ'đ đșđźđżđžđČđâ Contact our EXPERTS đŠč𩾠and we'll let you know đ
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Cavendish Residential Lettings Agency and Estate Agency in Nottingham

Posted 16 November 2021
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