Buyer demand up 3% for second steppers, 6% up for first-time buyers

Buyer demand is up and confidence returning to market!

The latest Rightmove Index reveals that buyer demand is 3% higher than in 2019 for second steppers and 6% above for first-time buyers. However, buyer demand is 1% lower than in 2019 for top-of-the-ladder properties.

The average price of property coming to the market has jumped by 1.8% (+£6,647) this month to reach a new record of £372,894 in a delayed response to the higher-than-expected level of market activity since the start of the year. This recorded 1.8% monthly increase is the biggest of the year so far and is significantly higher than the historic average May rise of 1.0% says the property portal.

Rightmove acknowledges that the current multi- speed, hyper-local market is still price-sensitive, and buyer affordability is still stretched. Whilst increased seller pricing confidence in the first-time-buyer and second-stepper homes sectors has more justification, there are some signs of over-optimism in the top-of-the-ladder sector. Average mortgage rates are remaining steady despite another increase in the Bank of England base rate. An average 5-year fixed, 15% deposit mortgage is now 4.56%, compared to 5.89% last October which is also returning confidence to the market.


Request a free valuation today and get your move underway.


Arins - selling homes in Wokingham, Lower Earley, Tilehurst, Reading and Winnersh since 2009.



Other recent news articles:

House prices more than £30,000 higher than this time last year while rents move upwards!

We’ve seen exceptional demand from buyers and tenants alike as summer is in full swing. As we look towards the autumn, we believe prices...

Read more

Prices fall though likely more due to holidays than rate rises

Price of property coming to the market sees first fall this year, down 1.3% in the month to £365,173 (-£4,795): - Prices usually...

Read more

★ ★ ★ ★ ★

Harry and Chrissie helped us with our sale and...

"Harry and Chrissie helped us with our sale and they were brilliant at what they do. Harry was spot on with the asking price and sold within the first round of viewings, got us multiple offers and..."

View more on allAgents
★ ★ ★ ★ ★

From start to finish Arins were quick, thorough...

"From start to finish Arins were quick, thorough and on the ball. The marketing was done almost instantly, with one packed day of viewings leading to mulitple offers. They were also constantly..."

View more on allAgents
★ ★ ★ ★ ★

Arins handled my sale perfectly from the...

"Arins handled my sale perfectly from the beginning. They arranged many viewings, worked around my limited availability because of my health problems. always responded by phone or email very..."

View more on allAgents
★ ★ ★ ★ ★

We recently had the pleasure of working with...

"We recently had the pleasure of working with Arins to sell our home, and We couldn\'t be happier with the experience. From the very beginning, they demonstrated a high level of..."

View more on allAgents
★ ★ ★ ★ ★

Having had zero joy with another agent, we...

"Having had zero joy with another agent, we instructed Arins. From day one they were on it. We got the house listed just before Christmas and on the same day we had viewings booked for the first day..."

View more on allAgents

Register today for property updates

Instant online valuation

60 - second instant online valuation
Get a valuation