HOMES ARE SELLING QUICKLY

Homes Are Selling Quickly

While the amount of housing market activity is impressive right now, the speed with which deals are being concluded is also breath-taking. At HoldenCopley, we are on hand to assist you in the buying or sales process in or around Nottingham.

We know the rate at which deals are concluding locally right now, and we also stay in touch with national figures.

How quickly do you want to sell your home?

Information from recently released data from Rightmove indicates:

  • Vendors are finding a buyer within one week of placing their home on the market faster than at any point in the past decade

  • One in seven properties sold by an agent sold within one week of being listed on the portal, an increase from one in ten in 2019

  • 30% of homes sold within two weeks of marketing, an increase on the 21% of properties in 2019

  • 19% of three-bedroom homes took less than one week to sell, which is an increase on the 13% recorded in 2019

  • The percentage of four-bedroom homes which sold in a week increased from 7% in 2019 to 14% in 2020

Miles Shipside, Rightmove’s property expert, comments on the findings: “Not only are more properties selling in the current market than at any time over the past ten years, but many sellers are finding that demand for homes following lockdown and the rush to beat the stamp duty deadline means they’re achieving a quicker sale, but only if they’ve been priced correctly. Not every home sells, but those that are well presented by agents, are on at the right price, or are just lucky enough to be in demand are among a record number of homes selling within the first week of coming to market since we started tracking this data ten years ago.”

Miles Shipside also said; “There’s no point rushing a home to market without carefully thinking through the best way to market it and making sure it looks its best, which is something an expert local agent can help with. However, sellers do need to move more quickly than before because although we’re in unchartered territory with record activity it’s still likely that demand will start to soften as it always does towards the end of the year.”

How quickly do you want to sell your home?

Information provided by Zoopla suggests the time it takes to sell a home has fallen from 39 days to 27 days. This time last year, it took 39 days to sell a home, but the various influencing factors on the housing market right now has sped up the market.

It has been found that three-bedroom homes take just 24 days to sell. This has been supported by Rightmove, with Miles Shipside saying; “Miles Shipside explained; “Sellers of three-bed semi-detached homes are in the sweet spot of the market, as they benefit from being the most in-demand and the most likely to sell within a week. The bigger, top of the ladder homes are also proving more popular, though some of this may be a result of home-movers in wealthier areas who would usually have been on holiday bringing their plans forward.”

We offer property management, property to rent and property for sale in Arnold, Woodthorpe, West Bridgford, Hucknall, Carlton, Wilford, Mapperley and throughout the Nottingham area. If you would like to arrange an appointment to help you negotiate the local buy-to-let market, please contact Holdencopley today by calling us on 01158969800 or emailing steven@holdencopley.co.uk.