Autumn window of opportunity to move

The traditionally busier Autumn market appears to have started early, says Rightmove, with many movers spotting a window of opportunity to act as mortgage rates trend downwards and property choice increases.

The portal reports the number of sales being agreed is up by 27% year-on-year, a strong rebound compared with last year’s more subdued market as pent-up buyer demand is released.

Homeowners are more confident to come to market, with the number of new sellers up by 14% on this time last year, and the average number of available homes for sale per estate agent at its highest since 2014.

Average new seller asking prices also rose by 0.8% (+£2,974) this month to £370,759. September usually sees a monthly rise in prices, but this year’s increase is double the long-term average, with prices supported by increased activity levels.

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