Shortfall in homes for sale
According to Rightmove there was a shortfall of 225,000 homes available for sale in the first half of this year.
In the first half of 2021 140,000 more sales were agreed than the 2014 to 2019 average, and yet homes available for sale were down 85,000, creating a 225,000 shortfall.
The shortage of homes for sale has been the key reason for the record breaking house prices that we’ve seen so far this year. The Nationwide house price index reported a 13.4% annual increase in house prices for June 2021.
Market demand also currently remains 26% higher than in 2020, so if you are thinking about selling then now is the time to take advantage of the demand.
If you want to find out how much your property is worth then use our instant online valuation tool and find how in just a few minutes.
Sources: Dataloft, Rightmove, Nationwide, and Zoopla.
