Record month for Rightmove as house-hunter activity increases

PUBLISHED: 14:26 19 February 2018 | UPDATED: 14:28 19 February 2018

Rightmove had a record 141 million visits during January

Rightmove had a record 141 million visits during January

This content is subject to copyright.

January was the busiest month ever on Rightmove, with house hunters paying a record 141 million visits to the site.

The number of sellers was also up 2 per cent year-on-year according to this month’s Rightmove House Price Index, while the average price of property increased by 0.8 per cent to £300,001.

In the East of England – which includes Hertfordshire – the average price was £347,633, a monthly increase of 1.4 per cent and an annual rise of 2.3 per cent. The average selling time was 67 days.

One of the country’s fastest selling hotspots, based on new listings that have come to the market since October 2017 and have since sold, was Hitchin.

The Hertfordshire town was fifth on that list, with an 8 per cent increase in asking prices year-on-year to an average of £432,501.

Miles Shipside, Rightmove director and housing market analyst, said: “Rightmove is a great barometer of housing demand, and January was its busiest month ever with home-hunters spending over 1.1 billion minutes on the site. Encouragingly for buyers, there are more fresh properties for sale to look at too.

“Nationally, 2 per cent more sellers have come to market this month compared to the same period a year ago, which is a small step in the right direction. However, with a myriad of local markets with different supply and demand dynamics, those contemplating a move should monitor their area and use the expertise of local agents with their fingers on the pulse.”

More news stories

19:00

Civic development watchdogs have released a detailed critique of the district’s emerging housing blueprint.

15:20

A con artist who scammed £50,000 from elderly people in St Albans and Radlett has been jailed for four and a half years.

14:14

Run alongside anxiety specialist Stacey Turner, the Herts Ad’s It’s OK To Say campaign aims to encourage people of all ages to speak up about mental health concerns before they escalate and obtain the support needed for a healthy and happy life. Here, Stacey looks at the first steps towards obtaining help...

13:01

A thief stole sat navs, power tools, sunglasses, cash, passports and even an electric guitar from unlocked or insecure cars in St Albans and Hatfield.

HERTS AD PROPERTY E-EDITION

Image
Read the Herts Ad Property e-edition E-edition

NEWSLETTER SIGN-UP

Get the latest St Albans and Harpenden property news and features straight to your inbox with our regular newsletter

I am also happy to receive other emails...
Fields marked with a * are mandatory
Email Marketing by e-shot

MOST READ

search


e.g. Oxford or NW3
Powered by Zoopla