Unlocking Success in Harborne and Edgbaston: How the year has started!

The latest insights from the Rightmove House Index indicate that this Spring could well be the perfect time to make your move and launch your home sale! Here are the key take-aways from the February Rightmove Index:

Prices (slightly) on the Rise:

The market energy is improving as average new seller asking prices have experienced a 0.9% surge this month, reaching an impressive £362,839. After a challenging period of six months with annual price falls, prices are now up by 0.1% compared to a year ago.

Early-Bird Buyers are Soaring: 

The first six weeks of 2024 have seen a remarkable 16% increase in agreed sales compared to the same period last year. What's even more exciting is that this year surpasses the more standard market conditions of 2019 by 3%. It seems like early-bird buyers are sensing the right conditions to make their move.

Market Momentum Unleashed:

Buyers and sellers are actively engaging on Rightmove, with a 7% boost in new listings compared to last year. The number of eager buyers inquiring has also seen a 7% uptick.

Price Matters:

In this market, it's crucial to be price-savvy. The market appears to operate in two speeds – accurately priced properties are swiftly snatched up by budget-conscious buyers, while over-priced properties linger on the shelf. The numbers tell the story: it now takes over two weeks longer to find a buyer than it did at this time last year.

Quick Sale Formula: 

Sellers who get their pricing right from the start are significantly more likely to achieve a quick sale. Rightmove's analysis underscores the importance of accurate pricing for a speedy and successful transaction.

Spring into Action:

With the market activity improving in advance of a historically positive seasonal period, now is the time to plan your property listing for Spring.

The data shows that the growing momentum is in your favour, but it's crucial to be strategic. Ensure your property is attractively priced to captivate the budget-conscious buyers eagerly navigating the market. So, if you're considering selling your home in Harborne or Edgbaston, seize the opportunity that this Spring presents – the perfect time to unlock success in the more buoyant local property market.

Check out the potential value of your home in an instant here: