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Confidence Returns with Rightmove’s Busiest Ever Month Posted: 5th February 2020

January was the busiest month ever recorded on Rightmove, with visitors surpassing 150 million. This indicates that confidence has returned to the market at full force with house hunters looking to take advantage of a more stable and certain political climate in in the UK.

Here at Nicol Estate Agents we have noticed an uplift in enquiries from those looking for a new home at all stages of life, from first time buyers right through to retirement homes. We have also seen a rise in valuations with an imbalance where demand is growing faster than supply. We are hoping that a wave of new sellers will go towards satisfying this demand for good quality family homes close to East Renfrewshire’s top ranking schools including St. Ninians, Mearns Castle and Eastwood.

In January there were over 152 million visits to Rightmove, a 7% rise compared to the same period last year. The previous record for the busiest month was in May of last year.

Interestingly the five busiest days on Rightmove were between January 21st and the 29th, with Wednesday demonstrating the highest number of visits. This is a rise of 9% compared to the previous record on April 24th 2019. In addition, the time spent browsing for new homes rose by 4% and the number of sales being agreed by agents rose by 12% compared to the same month in 2019. This is the largest year-on-year jump since July 2017.

The annual jump in the number of sales agreed was at its highest in January – which was higher than the summer of 2016 – because of the short-term dip in activity immediately after the Brexit vote. It looks like we can expect an active spring market but to catch the wave of buyer momentum it’s important not to over-price your property as it’s still a sensitive market.

If you are looking towards a spring home move, talk to us at Nicol Estate Agents and we can advise on the property market and provide a free appraisal of your home.

Whatever your reason for moving; whether it's for extra space, to downsize or you may simply have found your dream home, Nicol can help. Our knowledge of the local property market helps us develop a marketing plan that's right for you and your property.
We want our clients to be delighted with the service we provide. Listening to your needs and understanding your requirements is our starting point. To find out more about our approach to selling homes, download our comprehensive Guide to Selling your Property here.
If you are planning on selling your home, contact Nicol Estate Agents today for an appraisal of your property. Our Managing Director Douglas Nicol and Estate Agent and Valuer Daniel Cohen carry out hundreds of market appraisals every year, giving them an intimate and unparalleled knowledge of the property market in Glasgow, from city centre apartments to family homes and building plots. We will talk to you about the property market in your area, compare sales evidence, local demand for similar properties, outline our tailored marketing plan and provide details of our sales support strategy right through to completion.