Rightmove reports record number of sellers come to market on Boxing Day
Even before the new year began, some home-sellers started to get their 2024 moving, Rightmove, the property portal is reporting. Just one day after Christmas, on Boxing Day, Rightmove saw a record number of homes listed for sale. More than 10,000 new properties came to market, which is the biggest number of new sellers in one day since 2011.
Many sellers planned ahead to get their homes ready to put on the market in time to capture the new wave of interest from buyers from Boxing Day and into the new year. So if you’ve been looking for a home to buy, you’re likely to find you’ve now got more to choose from.
Visits to Rightmove nearly doubled between Christmas Day and Boxing Day. The level of demand from potential home-buyers, measured by the number of enquiries sent to estate agents about homes for sale, jumped too, and more than tripled (+273%) from Christmas Day to Boxing Day. There were also 17% more buyer enquiries on Boxing Day than the year before.
Righmove spokesman Tim Bannister says: “The scale of this year’s Boxing Day bounce is an early positive sign at the start of the year that buyers and sellers are out there and taking action, likely including some movers who had put their plans on hold last year.”
At the same time, online expat mortgage broker Offshoreonline continues to report an increase in expat mortgage enquires, continuing a trend that started in November last year. “We are now seeing more enquiries, no doubt fuelled by the latest round of mortgage rate reductions announced by the big lenders this week. Whilst these lower rates have yet to feed through into lower expat mortgage rates, we are sure the market will see expat mortgage rate reductions in the next three to four weeks, “ commented Guy Stephenson, a director at Offshoreonline.