Rightmove has announced its busiest ever month with visits to its website surpassing 150 million for the first time in January, making it the busiest month ever recorded as home-hunters looked to take advantage of a more certain political outlook.
This is an increase of 7% on January 2019, with the previous record for the busiest month set back in May 2019.
They also reported that the time each person spent searching on their site was also up by 4%, a total of 1.17Billion minutes in January.
Whilst total sales agreed by agents was up by 12%, the East of England bucked the trend even further with a 20% increase compared with January 2019.
Rightmove’s property expert Miles Shipside said: “Home-movers have sprung into action in 2020, with a large number of agents telling us that sales and valuations have picked up significantly in their local areas. The stage certainly looks set for an active spring if those sellers considering putting their homes up for sale end up doing so, but to catch this wave of buyer momentum sellers should take care not to over-price their homes. It’s still a price sensitive market and there’s a limit to what buyers can borrow even though mortgage interest rates are temptingly low.”
Are you considering a move?
Give us a call today for your Free Initial Consultation and find out how much you can borrow.
Your Expert Mortgage & Insurance Advisers. 01473 213312