iamsoldhas beaten its sales performance on this time last year, and says it surge in sales and online viewings since the beginning of June.
Compared to June 2019, sales are up by 20 per cent and viewings are up by 22 per cent.
For many, the sudden need to move comes as a result of lifestyle changes due to Covid-19, as people look to relocate for work, sell second homes, or search for a home more fit for purpose with office space, a garden and parks nearby being top of many wish lists.
Another positive trend reported by the company shows that homes are continuing to sell faster at auction this year compared to 2019, by almost 50 per cent on average when comparing days from pre-auction marketing to sale Jan-Apr 2019 vs 2020.
This also applied throughout lockdown, while the online auctions market was able to safely trade and continue to sell properties.
This encouraging data has emerged while a proportion of the industry remain on furlough leave, signalling that more businesses may be able to welcome staff back over the coming weeks if momentum continues at this pace.
Jamie Cooke, managing director of iamsold, said:
“It’s really encouraging to see this spike in activity.
“Our estate agent partners are reporting activity levels between 50 to 100 per cent of pre-Covid-19 levels, and they are feeding back that market appraisals are on the rise so further growth is set to come.
“A significant trend is that those requesting market appraisals are what we would classify as non-discretionary sellers in the main, who need to sell and are not just testing the market.
“This could be people needing to downsize, relocate to be near family or indeed separations leading to the sale of the family home.
“Our feeling is that non-discretionary sales will be a significant proportion of opportunity seen in the coming months, and as a result, we are gearing up for a busy summer as we support our agents by delivering a fast and secure way for their clients to buy and sell property through bespoke online auctions.
“Many industry commentators believe that Covid-19 will create further delays and uncertainty in the private treaty transactional process.
“Whilst we have been impacted, our average completion time is currently 52 days which is still around half the time of a private treaty sale.