Busiest month for ten years as home-buying supersedes summer holidays

  • Rulebook rewritten as post-lockdown mini-boom accelerates and home-moving fills the holiday void
  • Highest number of sales agreed in a month since we started tracking this data over ten years ago, up by 20% on the previous high, and with a record total value of over £37 billion
  • Highest number of properties coming to market in a month since March 2008 as more movers join in
  • Latest weekly sales agreed figure up by 60% compared to the same week in 2019 as buyers ignore the usual summer holiday slowdown
  • Unseasonal record high for new seller asking prices in seven regions, but London drags down the national average to a 0.2% fall due to its own more typical 2.0% seasonal monthly drop. The out-of-city exodus drives prices in places like Devon and Cornwall to new records

Record levels of buyer activity lead to processing delays and mean that patience is required to get sales agreed to completion

 Information taken from Rightmove website on 18th August 2020.