rantnrave Posted December 10, 2022 Share Posted December 10, 2022 New supply noticeably lacking in areas I'm watching - particularly compared to Sep & Oct. Stock levels remain static, but I'm wondering if there will be a large flood on Boxing Day? I've not heard of this phenomenon before, but apparently it is one of the busiest days on Rightmove. PropertyIndustryEye are talking about it, and a friend has been advised to hold off putting their property on the market - even though the marketing is all ready - until Dec 26th. Could there be a particularly noticeable surge in new listings, more so than in other years, just a couple of weeks away? Quote Link to comment Share on other sites More sharing options...
mynamehere Posted December 10, 2022 Share Posted December 10, 2022 I think it's busiest day for page views, not listings. It's also one of busiest days for online job applications. Quote Link to comment Share on other sites More sharing options...
Nomadd Posted December 10, 2022 Share Posted December 10, 2022 2 hours ago, rantnrave said: New supply noticeably lacking in areas I'm watching - particularly compared to Sep & Oct. Stock levels remain static, but I'm wondering if there will be a large flood on Boxing Day? I've not heard of this phenomenon before, but apparently it is one of the busiest days on Rightmove. PropertyIndustryEye are talking about it, and a friend has been advised to hold off putting their property on the market - even though the marketing is all ready - until Dec 26th. Could there be a particularly noticeable surge in new listings, more so than in other years, just a couple of weeks away? Sellers and EAs will wait for the Spring Bounce. 🤣 Quote Link to comment Share on other sites More sharing options...
sta100 Posted December 10, 2022 Share Posted December 10, 2022 No, but I think come Jan we'll see a fair few older, larger, energy inefficient homes on the market Quote Link to comment Share on other sites More sharing options...
Si1 Posted December 10, 2022 Share Posted December 10, 2022 2 hours ago, Nomadd said: Sellers and EAs will wait for the Spring Bounce. 🤣 Yeah that's my guess. Quote Link to comment Share on other sites More sharing options...
Timm Posted December 11, 2022 Share Posted December 11, 2022 9 hours ago, rantnrave said: (...) I'm wondering if there will be a large flood on Boxing Day? (...) No. 9 hours ago, mynamehere said: I think it's busiest day for page views, not listings. Yes. Quote Link to comment Share on other sites More sharing options...
BaldED Posted December 11, 2022 Share Posted December 11, 2022 I suspect next year is going to be difficult in property. Lack of sales for EAs due to a lack of stock and lack of buyers is going to have them worried the boom is certainly over regardless. Quote Link to comment Share on other sites More sharing options...
Gawdon Bwown Posted December 27, 2022 Share Posted December 27, 2022 On 12/10/2022 at 5:20 PM, rantnrave said: New supply noticeably lacking in areas I'm watching - particularly compared to Sep & Oct. Stock levels remain static, but I'm wondering if there will be a large flood on Boxing Day? I've not heard of this phenomenon before, but apparently it is one of the busiest days on Rightmove. PropertyIndustryEye are talking about it, and a friend has been advised to hold off putting their property on the market - even though the marketing is all ready - until Dec 26th. Could there be a particularly noticeable surge in new listings, more so than in other years, just a couple of weeks away? Nice piece of critical thinking RR Quote Link to comment Share on other sites More sharing options...
Maudley Posted December 27, 2022 Share Posted December 27, 2022 There was a surge of price reductions in our area and also a surge of new listings at kite flying prices! Roughly split as 80% of boxing day changes were reductions and 20% new listings. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted December 27, 2022 Author Share Posted December 27, 2022 It's a sign of EA desperation IMO - very gimmicky and trying to artificially create a buzz. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted December 27, 2022 Author Share Posted December 27, 2022 Wonder if this has reversed the recent downward supply trend on Property Lion @TheCountOfNowhere? Quote Link to comment Share on other sites More sharing options...
Homeless Millionaire Posted December 27, 2022 Share Posted December 27, 2022 No surge here, down 108 to 100. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 3, 2023 Share Posted January 3, 2023 On 27/12/2022 at 09:35, rantnrave said: Wonder if this has reversed the recent downward supply trend on Property Lion @TheCountOfNowhere? Figures out tomorrow. Quote Link to comment Share on other sites More sharing options...
Scorchio Posted January 3, 2023 Share Posted January 3, 2023 Down in the North East, albeit with some ludicrously priced new listings (20%+ on 2021 sold values) that the EA is positively creaming themselves over in the property descriptions - despite them being fairly run of the mill. Gentlemen, the desperation is surely beginning to set in. Quote Link to comment Share on other sites More sharing options...
Sackboii Posted January 3, 2023 Share Posted January 3, 2023 I'm seeing no supply surge in my search areas - but I am seeing price reductions.. Quote Link to comment Share on other sites More sharing options...
henry the king Posted January 3, 2023 Share Posted January 3, 2023 The holiday period only ended today. Give it a week or so and things will return to a more normal situation with more coming on the market. The end of December and start of January is unique. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 3, 2023 Share Posted January 3, 2023 https://mobile.twitter.com/propertylog/status/1610278181550067713 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 3, 2023 Share Posted January 3, 2023 (edited) Just got the number of RM listings from Property Lion. Bounced from the last run ( on the 12 December ), up 0.58% but down on the month by 0.73%, so the fall in listings would be a seasonal lull. Given listings would have fallen more before Christmas then I'd say there was a definitely bounce. ....seems to be a bit of a rush to get selling already though. Year on year....available listings up 63%. Full quarterly report tomorrow. Edited January 3, 2023 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
mynamehere Posted January 3, 2023 Share Posted January 3, 2023 I'm surprised there is any spike in listings, isn't everyone on holiday still? Who is listing or viewing right now? I know scotland is different, but literally not one single propery has been listed in my search area since 23rd. Bank holiday today so tomorrow should be interesting Quote Link to comment Share on other sites More sharing options...
Pmax2020 Posted January 3, 2023 Share Posted January 3, 2023 I’ve messed about with a few parameters on zoopla and the median age of property listing in Scotland is sitting at about 10 weeks. I suspect if I run those searches again in a month it’ll of only increased… Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 5, 2023 Author Share Posted January 5, 2023 A record number of new sellers put their property up for sale on Rightmove on Boxing Day, a 46% jump on the previous year, claims Rightmove. https://propertyindustryeye.com/rightmove-claims-new-records-for-activity-on-boxing-day/ Quote Link to comment Share on other sites More sharing options...
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