MoverAlerts Property & Homemover Report - Q1 2024

Welcome to the MoverAlerts Property & Homemover Report. This publication identifies the key events and trends in the residential property market for Q1 2024 and the potential impact on your business.

Key points of interest:

• There were 301k of Sales Agreed in Q1 2024, a 15% increase
• New Instructions were up by 12% compared to Q1 2023
• Exchanges are down 7% compared to Q1 2023
• Fall Throughs, Price changes and withdrawn volumes are in line with “normal” market levels
• The national average for time to sell is 72 days
• The average asking price of a property is £431k – up 9k from Q1 2023

“Despite economic turmoil, the resilience of the property market shines through. The upward trend in Sales Agreed presents an encouraging prospect for the removal and storage sector, signalling potential growth in the coming year.” 

-Matt Hawkins, Head of SME Data Sales, MoverAlerts