Increase in House Sales – Rental Market Stable – February 2022

Good afternoon,

I hope you’re keeping safe and well.
Last week we saw increases week on week of the number of properties coming on to the market For Sale. We’ve also seen an increase in the number of Sales being agreed week on week. There has now been a steady increase on both fronts since mid January. The number of sales being agreed has also been increasing year on year, with more properties agreeing a sale last week, when compared to February 2021.

The rental market isn’t as strong as the sales market however. Last week we saw fewer properties listed To Let than the same week in February 2021. We also saw fewer properties become Let Agreed. However, this volume last week was still up on the same week last year.
One thing to note on these year on year stats is there is beginning to be a lot of talk about the UK changing it’s way of life. Therefore, if I was to look at year on year comparisons any further from here, we will hopefully see increase after increase for this year for the next few months.
I have to conclude that the housing market, is beginning to find it’s feet again, after an extremely difficult period.
Take care everyone.

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