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Home sellers rushed to list properties before Easter – Rightmove

Shekina Tuahene
Written By:
Posted:
April 5, 2024
Updated:
April 5, 2024

A flurry of sellers put their homes up for sale just before Easter, a property listing firm has said.

According to Rightmove, 28 March was the most popular day for new home sellers coming to market so far this year.

It was also the third-busiest day for new property listings since August 2020, beaten by Boxing Day in both 2022 and 2023. 

There was a 45% rise in homes added to Rightmove on 28 March compared to the previous week. 

The firm said the housing market was continuing to recover after a muted 2023, as asking prices rose 0.8% annually. 

The average asking price is now £368,118, which was 18% higher than the same month in 2020.

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The biggest change was recorded in Wales, where average asking prices had risen by 29% in the last four years to £256,499. The smallest growth was seen in London, where there was an 8% increase to £686,844. Despite recording the most modest asking price change, the English capital remained the most expensive region for property. 

Tim Bannister, property expert at Rightmove, said: “A huge number of new sellers came to market as we all geared up for the Easter break, all hoping to capture the attention of those buyers using the long weekend to home hunt alongside their Easter egg hunts.

“It’s still a price-sensitive market, so while the uptick in activity we’ve seen over the past few months is a positive sign, sellers still need to heed the advice from their agent on pricing competitively to help secure a successful sale.” 

Rightmove recently reported that asking prices in March rose by 1.5%.