WARRINGTON, Rightmove viewing statistics UP 40% on last year

Rightmove detail viewing statistics UP 40% Year-on-Year in WARRINGTON.

What the data shows

The chart shows how total detail views on Rightmove have changed in Warrington relative to the same period in 2019. A “detail view” is a measure of how many people click through to view a property’s full details. Home movers tend to research properties for a few weeks before they begin to send enquiries, so tracking the uplift in detail views is an early indicator of increasing demand. The data is a combination of detail views across properties for sale and for let.

The market has picked up since lockdown restrictions were eased in England on 13th May. On 19th May, we recorded the busiest day for traffic since 5th March, with 5.3 million visits – up 4% on the same day in May last year. Here’s a summary of other key numbers you can use to reassure your clients that there’s a lot of activity going on.

Lettings stats

Demand

Demand for rental property is up 33% compared to this time last year as the market reopens and renters jump into action, with Monday 18th May seeing the highest level of rental demand ever recorded in one day on Rightmove

Properties listed To Let

Almost 23,000 new rental listings have come to the market since the first day of reopening, down 10% on the same week last year

Total available stock for rent is now up 13% since before lockdown

Prices

Asking rents are currently up 2.1% on 2019, down from an annual rate of 3% before lockdown. They are on average £1,089 per calendar month (for all of Great Britain)

Biggest risers

Biggest increase in rental searches compared to last year are in Rotherham (+97%), Cambridge (+77%) and St Helens (+75%)

Sales stats

Demand

Demand for property up for sale is now down just 7% compared to this time last year, and up 120% compared to the previous week

Properties listed for sale

Almost 11,000 new sales listings have come to the market since the first day of reopening, 65% down on the same week last year although improving from 90% down during lockdown

There is currently £230 billion worth of property currently on Rightmove, circa 95% of the housing market

Total available stock for sale is down 2.5% since before lockdown

Reductions

1% of properties up for sale have been reduced over the past week, compared to 2% over the same week last year

The average size of a reduction over the past week was 4.5%, the same size of a reduction as in the same week last year

Asking prices

Average asking prices of all property up for sale are up 2% on last year, the same as before the lockdown. The current average is £311,828 (for all of Great Britain)