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The busiest month for ten years for the housing market – August 2020

Housing Market

The busiest month for ten years for the housing market – August 2020

Rightmove have revealed their House Price Index which portrays a national picture of house prices and activity over the past few weeks and this was their main findings:

  • Post lockdown has created a mini-boom, following pent-up demand that is usually during the summer holidays
  • Since Rightmove started tracking data ten years ago, it has been a record-breaking month for the number of sales with a value of over £37 billion. 
  • Recorded the highest number of properties coming to the market in a month since March 2008.
  • There are 44% more properties coming to market compared to the same period a year ago, though there are considerable regional variations.

More specifically, in Wales, the average house price in Wales is £212,800 which is a monthly change of 2.9% and an annual change of 5.8%. 


Download the full Rightmove Report here

If you are looking to put your property on the market, there couldn’t be a better time! Contact us to arrange a free valuation.

Just curious? Use our free online valuation tool.

Celyn Evans

celyn.evans@seraph.pm

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