Unlocking Success in the 2024 Property Market: Insights from FreeAgent247
A promising start to 2024
At FreeAgent247, we’re thrilled to share that 2024 has kicked off on a high note for us, marked by a significant increase in offers received on properties. This promising trend aligns with the current pulse of the property market, especially considering the robust start January provided compared to previous years.
Recent insights from Rightmove have further validated our positive experience, indicating that February has emerged as one of the most opportune months to list your property. According to Rightmove’s data, February stands out as the best month to list a home on average. Properties listed in this month not only have a higher likelihood of finding a buyer but also tend to secure a buyer more swiftly, often marked as sold subject to contract.
A remarkable 66.4% of homes listed in February have successfully found a buyer.
The analysis from Rightmove, based on millions of properties listed for sale since 2012 (excluding 2020 due to the pandemic), reveals compelling statistics. On average, homes listed in February take just 51 days to find a buyer, closely followed by March at 52 days, and on par with January. Furthermore, a remarkable 66.4% of homes listed in February have successfully found a buyer, making it the month with the best chance of a successful sale, along with April.
What’s intriguing is that February listings not only excel in finding buyers but also exhibit a higher likelihood of finalising the sale, making them the most likely to complete the entire sales process. Additionally, these listings are the least likely to be withdrawn by the owner from the market, underscoring the stability and commitment associated with February-listed properties.
The data from Rightmove suggests that getting ready to sell in March puts sellers in a robust position.
March, too, emerges as a strong month for sellers to consider, particularly for those planning to come to market at the beginning of spring. The data from Rightmove suggests that getting ready to sell in March places sellers in a robust position to facilitate a smooth transition into the property market in 2024.
The momentum in the property market is further emphasised by the year’s early statistics, revealing an 8% increase in the number of buyers contacting agents about homes for sale compared to last year. Simultaneously, there is an 11% uptick in the number of new properties being listed by sellers, signalling a heightened level of activity and interest.
Committed to providing you with the latest insights
As we navigate through this dynamic period in the property market, it’s essential for buyers and sellers alike to stay informed and make well-informed decisions. However, we also want to remind our clients that while information can be a valuable guide, it’s crucial to exercise due diligence. Verifying details independently through qualified professionals, such as solicitors, is an integral part of the process to ensure a seamless and secure property transaction.
At FreeAgent247, we’re committed to providing you with the latest insights and expert guidance to make your property journey a success. Whether you’re buying, selling, or simply exploring the market, trust us to be your dedicated partners in the property market.
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Our team are on hand ready to help.
Office: 01905 905996
Mobile: 07486 031 975
hello@freeagent247.com
8 Basin Road, Diglis, Worcester, Worcestershire, WR5 3GA.
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