Thursday, January 5, 2023
A record number of new sellers put their property up for sale on Rightmove on Boxing Day, Rightmove claims.
The portal said it saw a 46% jump in new listings from agents on the bank holiday compared with the previous year.
Prospective sellers also got ready for a New Year move, with the number of people contacting estate agents to value their home between Boxing Day and New Year’s Day the highest number recorded in a week since early September, and 29% higher than the same period in 2021, Rightmove revealed.
Boxing Day week also saw the number of views of homes for sale on Rightmove jump by 20% compared with the previous week.
Tim Bannister, property expert for Rightmove, said: “Boxing Day is traditionally the start of activity ramping up into January and the spring selling season after Christmas, as people return to their search or consider a New Year move. We’ve seen some promising activity and familiar patterns over the festive period this year, which are good signs for the year ahead.
“While we expect a calmer market this year than we’ve had since the pandemic started, the record number of sellers who chose to come to market this Boxing Day indicates there is a group of motivated sellers ready to move, who perhaps held back and now feel more confident. After such frenetic market conditions over the last few years, this year’s calmer market will better suit measured movers who prefer to take their time to find the right property.
“The jump in number of views of properties for sale pre and post-Christmas is another good sign that the new choice available is getting a lot of attention from future buyers.
“After a pause for the festivities, those wanting to buy this year will be ready to get back to their plans and assess where they’d like to live and what they can afford. Those sellers who got a head start and have their home already up for sale will now be benefitting from the jump in viewings over the next few weeks, as people settle back into their usual routines.”
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