Many people in the United Kingdom today are asking about what’s going on with the property market. As Greycoat real estate agents assure, the short answer is that, as of April 12, 2024, the sales pipeline for estate agents has seen a sharp rise in spite of the usual Easter slowdown.
Home Prices & Other Stats
Greycoat real estate agents keep on sharing information. UK home prices stood fast for the first quarter of 2024 at £331 per square foot in January and £339 per square foot in both February and March, rising to £346 per square foot in the first month of the second quarter.
Listings, however, dropped by 20.3 percent over the previous week’s numbers, although the total gross year-to-date sales stood at nine percent higher than this time last year. And, while the overall sale fall-through rates still hover at a little more than one in every five sales, there were also 30,312 total new listings.And this is where Greycoat agency comes in handy.
This is 476,586 YTD listings, putting it at almost nine percent higher than the historical eight-year average YTD, which was only 437,389 listings (Parkeray).
Decline in Sale Fall-Throughs
As the consummate professionals at Greycoat Real Estate can tell you, an overall decrease is continuing in sale fall-throughs with only 4,737 during the week of April 12th, which is way below the annual average of 5,382 fall-throughs weekly and even further behind the 4th quarter of 2022, which stood at 7,590. The successful Greycoat is an independent UK real estate company that brings 45 years of expertise and experience to the forefront via its position in the office market of central London.