Sales at ten-year high – Rightmove

Aug. 17, 2020
<p><span>Rightmove has seen the highest number of sales agreed in a month since it began tracking this data more than a decade ago, with the latest weekly sales figure up 60% against the same week in August 2019.</span><span> </span></p><p><span>The property listing website’s house price index for August reflects the market’s current bounceback, with the highest number of properties coming to market in a month since March 2008. </span><span></span></p><p><span>The number of monthly sales agreed is a </span><span>20% increase on the previous record of March 2017</span><span>, at a “record” total value of more than </span><span>£37 billion. </span><span></span></p><p><span>At the same time, the national average asking price fell 0.2% in August against the previous month thanks to a 2% decline in London which was a “more typical seasonal monthly drop”. </span><span></span></p><p><span>Prices in seven other regions were at an “unseasonal record high”. Some areas, including Devon and Cornwall, were benefitting from an “out-of-city exodus”, Rightmove said. </span><span></span></p><p><span>It also noted that the high levels of buyer activity were causing processing delays “and mean that patience is required to get sales agreed to completion”. </span><span></span></p><p><span>Miles Shipside, Rightmove director and housing market analyst said: “There have been many changes as a result of the unprecedented pandemic, and these …

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