Local Property Market Pulse PE2 Edition – April 2021

Welcome to this months property pulse for April for PE2

Today we are going to take a look at what’s happening in the local and national property market.

First of all lets look at the temperature of the market. Our friends at Propcast are showing here in PE2 the property market is HOT and still heating up. Homes are moving quickly and the market favours sellers currently. Also 61% of properties on the market are SSTC in your area.

Rightmove also confirm that buyer demand is 59% higher in Peterborough than this time last year and that it is taking 51 days to sell a property.

Looking at house prices first time buyer prices are up 4.2% annually, second stepper prices are 7.1% up annually and at the top of the ladder we have seen a 7.4% increase.

Here at Tortoise we beat the averages:

Averaging 29 days to sell a property
We have 95% of our properties SSTC (Sold Subject to Contract)
We have sold these properties on average in 6 viewings AND 185 people per day have viewed each of our homes on Rightmove per day since the 1/1/2021.
Making our properties the most viewed out of all the competing agents in Peterborough.

If you would like to find out how we do this call me Mike Matthews on 01733 592020 to see #OURDIFFERENCE and what we can do for you!