call-to-action call-to-action-mobile

Autumn will signal surge of new properties for sale as buyer demand continues

Tue 10 Aug 2021

The number of people househunting this year has risen hugely compared with 2017 to 2019, with no sign of the enthusiasm to move home abating, says Leamington estate agency ehB Residential.

And the company is poised for an onslaught of new properties coming onto the market in late summer and early autumn as sellers look to move to their next home in time for Christmas.

“Buyer demand is about as high as you can find,” explained ehB Residential managing director Edward Bromwich. “Zoopla, for example, says figures are up by 80 per cent compared with a couple of years ago.

“There is a huge amount of interest for the properties we have on our books, and we are expecting a second wave, if you like, of homes coming onto the market in September and October.

“Traditionally, once the schools go back, we see people putting their homes up for sale with the aim of moving into a new home by Christmas. This year is likely to be no different. Anyone hoping to move into one of these as-yet-not-on-the-market homes would be wise to get theirs valued and listed now so they are in a position to make an offer the moment they become available.”

There are more potential buyers for each property than usual because demand is still outstripping supply, according to Rightmove, which says the greatest mismatch is in the more expensive sectors.

The ‘top of the ladder’ end, mainly detached homes with four bedrooms or more, has seen a surge of 39% in the number of sales agreed and a drop of 15% in the number coming to market compared with the first six months of 2019.

Sales of three-bedroom so-called ‘second stepper’ homes rose by 28 per cent in the first half of the year compared with the same period in 2019, while there was a fall in new listing numbers of 10 per cent, according to the property portal.

But despite the imbalance, the number of properties changing hands in the UK rose to the highest level on record in June. A total of 213,120 sales were registered with HMRC, the first time the figure has ever risen above 200,000.

"To Chris and Scott. Thanks for all your help and support and patience. Many Thanks."
The Pashley's

News Archive

November 2022

Two long-established names in Warwick estate agency join forces as ehB buys Donald Carter

October 2022

What’s Going On With The Housing Market?

Low unemployment bolsters market

August 2022

What's Happening with the market in August

June 2022

Houses for sale in Leamington are being snapped up.

April 2022

How to Get the Very Best Price for Your Property

March 2022

Spring housing market shows no sign of cooling, as ehB Residential reports continuing buyer demand

January 2022

Homebuyers likely to ‘go for it’ in the New Year, says ehB Residential

December 2021

ehB Residential calls on sellers to capitalise on Boxing Day Rightmove boom

November 2021

Hesitant home sellers urged to take advantage of less competition as Christmas distracts fellow vendors

October 2021

‘October is the new September’ in home buying world

August 2021

Strong demand sees homes sell twice as fast as in 2019

Autumn will signal surge of new properties for sale as buyer demand continues

July 2021

End of stamp duty does nothing to dampen the appetite to move home

June 2021

Families looking for ‘the right home’ not deterred by end of stamp duty holiday

May 2021

Leamington estate agency calls for more properties amid 7.1% house price rise

April 2021

Demand outstrips supply as March date sees highest property sales in a decade

February 2021

Demand for family homes is driving price rise, as ONS announces 8.5% annual increase

ehB Residential co-founds new local portal for property searchers

No slowdown in demand for million-pound properties

Show apartments at Victoria Point offer ‘a room with a view’ over Victoria Park

January 2021

Early signs for 2021 property market look promising

Brexit deal, vaccine and lockdown are fuelling house moves

December 2020

Why not move to Leamington Spa? It’s officially the UK’s third happiest town

November 2020

Covid mega lab announcement puts Leamington on the house hunting map for biomedical and data scientists