Is 2024 the year you sell your home? If early indicators are anything to go by, it’s certainly looking like you could seal a sound deal.
At our offices in Aberdeen and Inverurie, we can vouch for the increase in both buyer and seller activity. The phones are non-stop and our fingers are constantly tapping as we reply to emails, but don’t just take our word for it…
Positive Trends in Property Market for 2024
According to Rightmove data*, the number of new properties coming onto the market for sale is up 15% compared to last year and buyer demand in the first week of 2024 is also 5% higher – a confident start!
In fact, since Christmas, Rightmove has seen nine out of its ten busiest days on record! This relates to people getting a Mortgage in Principle to see what they can afford to borrow as mortgage rates stabilise after a volatile 15 months or so.
Key Insights from Rightmove Data
Asking prices are up 1.3%, the strongest January month increase since 2020 and in the first week of 2024, buyer demand is up 5% compared to this time last year. In Aberdeen, asking prices are up by 4.2% year-on-year.
2023 carried some uncertainty within the estate agency market, but these initial findings suggest a smoother year for sellers and buyers in 2024. Here at Northwood, we’re committed to finding the right buyer – and the right price – for our client’s homes, whilst offering five-star service. One of our highlights from last year was winning The Herald Property Awards for Scotland’s Estate Agency of the Year, and we’ll continue to bring this energy into each and every client property opportunity that arises. If you’d like to discuss listing your home with Northwood, we’d love to hear from you. Interested in a free home valuation? Click here and input your details.
Aberdeen: 01224 218450 | Inverurie: 01467 530591
Aberdeen: aberdeen@northwooduk.com | Inverurie: aberdeenshire@northwooduk.com
207-211 Rosemount Place, Aberdeen, AB25 2XS | 23 West High Street, Inverurie, AB51 3SA
