â AVERAGE PROPERTY SALE AGREED at just 36 DAYS - that's the QUICKEST EVER!! Mass market sees more RECORD PRICES whilst upper-end COOLS đ Download FULL Rightmove report below đŠ
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Average price of property coming to market this month is £337,371 (down from £338,447 last month) âŦ
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In the East Midlands, we're up +6.9% in last 12 months - our average asking price £258,374 đ
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Average time for property to be marked sold is quickest ever at 36 days (34 in East Midlands), which is a whole month faster than in February 2020 before pandemic âĄ
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Overall average price of property coming to market falls by -0.3% (-£1,076) this month đģ
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This is driven by a -0.8% drop in the upper-end typically 5+ bedroom sector đĄ
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In contrast, new record price highs in 1 or 2 bedroom First-time Buyer-type properties, up by £1,328 (+0.6%) âŦ
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Second-stepper 3 to 4 bedroom properties, up by £975 (+0.3%), where activity remains very strong đĒ
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These sectors are less affected by withdrawal of Stamp Duty incentives âš
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In first week of August, buyer enquiries up +56% on same period pre-Covid 2019, and down by just -17% on frenzied post-lockdown 2020 numbers đ
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This snapshot also shows number of sales agreed is up by +9% on the same period in 2019 đ¤
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Available stock still at record lows, with buyer demand hoovering up new supply leading to more properties selling, and selling more quickly đ
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There is a continued need for these low stocks to be rebuilt in order for price stability to return â
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Rightmove predicts there will be an autumn bounce in both seller activity and prices âšī¸âī¸
đ DOWNLOAD FULL REPORT HERE: https://www.rightmove.co.uk/news/content/uploads/2021/08/Rightmove-House-Price-Index-16th-August-FINAL-NE.pdf
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#cavendishexperts #houseprices #houseexpert #houseforsale Timothy Bannister
Property to rent in Nottingham - BEST LETTING AGENCY in Nottingham

Posted 19 August 2021
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