Rightmove reveals record Boxing Day Bounce.

PUBLISHED: 8th Jan 2024

According to Rightmove a record number of sellers cam e to market on Boxing Day. The portal recorded a 26% increase in new sellers, which beat the previous record of last year.

Not only was there an active increase in the number of new sellers coming to market but there was also an increase in buyers contacting Estate Agents from Christmas Day – this almost quadrupled in numbers, and was 17% higher than Boxing Day last year.

Visits to the Rightmove platform were up 84% between Christmas Day and Boxing Day and were 8% higher than 2022 the property website said.

Tim Bannister, Rightmove’s property expert said “The scale of this year’s Boxing Day bounce is an early positive sign at the start of the year that buyers and sellers are out there and taking action, likely including some movers who had put their plans on hold last year”

Adding to the positive figures from Rightmove, HSBC have this week reduced their mortgage rates closely followed by the Halifax – not only in this for new home buyer mortgages but also for people looking to re-mortgage.

David Phillip commented “we have had an excellent start to 2024 with the number of vendors looking to list in January outnumbering last year which correlates with the Rightmove activity – adding to this, the good news this week about mortgage rates means we envisage a positive start to the year”

If you are considering selling your home and would like a free market appraisal then call David Phillip FRICS on 01134 676 400

David Phillip Estate Agents, 86, Leeds Road, Bramhope, Leeds LS16 9AN w: davidphillip.co.uk

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