Welcome to the MoverAlerts Property & Homemover Report. This publication identifies the key events and trends in the residential property market for Q2 2024 and the potential impact on your business.
Key points of interest:
- Sales Agreed are up by 15.1% compared to Q2 2023
- The supply of New Instructions is up by 8.6% compared to Q2 2023
- Exchanges are up by 10.4% compared to Q2 2023 showing that the promising "green shoots" of spring seemingly persist
- Fall Throughs and Withdrawn volumes are in line with “normal” market levels
- The average asking price of residential properties for sale across the was 2% higher than Q2 2023
“The property market continues to gain significant momentum in Q2 2024. and with the prospect of further rate cuts to come, new policies under the new government and the economic headwinds dying, we anticipate that the market will continue to show buoyancy in the foreseeable future.”
-Matt Hawkins, Head of SME Data Sales, MoverAlerts
