Market Overview: December Sees Expected Dip with Eyes on Boxing Day Momentum
This month, new seller asking prices have decreased by 1.7% (a reduction of £6,395), settling at £360,197. This decline aligns with the typical seasonal downturn observed in December. Despite this festive slowdown, the market remains more active than last year, with a 22% increase in the number of sales agreed and a 13% rise in new buyer inquiries.
Looking forward, many sellers are positioning themselves for the anticipated surge in activity on Boxing Day, as seen on Rightmove. Last year marked a significant uptick, with a record influx of new sellers and a 273% jump in buyer interest from Christmas Day to Boxing Day in 2023.
For more details, see the Rightmove House Price Index report from December 16, 2024, available here.
