Whats happening in the property market this November?

The property market is experiencing significant momentum, with the number of sales agreed up 26% compared to this time last year, alongside a 6% rise in new sellers entering the market. This surge in activity reflects growing confidence among buyers and sellers alike.  

This growth is fueled by the easing of mortgage rates, which are unlocking pent-up demand and encouraging more people to take the next step on their property journey.  

Regionally Yorkshire and the Humber has seen a 3% increase in average property prices since last year. This is one of the largest increases in England and takes the figure to £249,708. 

More specifically, within our market, Linley and Simpson has achieved a remarkable 21% increase in sales in Q3 2024, compared to the same period last year. This highlights the continued strength of the market in our operating areas and reflects the team's commitment to delivering exceptional customer service. 

Looking ahead to 2025, Rightmove forecasts a 4% increase in average asking prices; their most optimistic prediction since the pandemic-driven surge of 2021.  

Have you got a property you're thinking of selling? Now could be the perfect time to get your property valued. Contact us today for your free valuation.