The number of properties coming on the market is still not meeting the huge demand from buyers, but the level of new listings has improved, according to Rightmove.
When comparing March and April with January and February of this year there was a jump of 51% in the number of properties coming onto the market, with over 260,000 new homes coming up for sale over the past two months, data from the portal shows.
Rightmove’s property expert Tim Bannister said: “More buyers have realised they don’t have the luxury of waiting until the weekend to decide which properties they want to request to view, and so they’re making sure they’ve signed up to find out first when a home comes up for sale.”
There are now over 2.7 million people signed up to receive instant property alerts on Rightmove to find out first about properties coming up for sale
“We’re hearing reports of some areas where properties are selling within a few days of being added to Rightmove, and the average time to find a buyer is the quickest we’ve ever recorded nationally, Bannister added. “But we also know there are thousands of local markets and some are moving more slowly than others.”