A Record-Breaking Boxing Day for Sellers and Buyers in 2024
The housing market kicked off with a bang this festive season, as Boxing Day 2024 set new records for property activity. According to a report by Mortgage Strategy, there was a 26% surge in new property listings compared to last year, making it the busiest Boxing Day for sellers to date.
The surge was led by mid-market homes, with nearly half of the listings being three- and four-bedroom properties – perfect for second-step buyers. Smaller properties, often sought after by first-time buyers, made up 35% of the activity, while larger, premium homes accounted for 18%. Regionally, the South East, East of England, and South West saw the highest levels of new seller activity.
It wasn’t just sellers making moves – buyers were also highly active. Rightmove, as highlighted in the article, reported a record number of site visits on Boxing Day, surpassing its previous high in 2021. Buyer demand, measured through enquiries to estate agents, was up by 20% compared to the same day in 2023.
Steve Pimblett, Rightmove’s Chief Data Officer, called this activity a promising indicator for a busy start to 2025, and I completely agree. The eagerness of sellers to get their properties on the market and the enthusiasm of buyers to explore new opportunities signal a positive outlook for the housing market as we head into the new year.
If you’re considering buying or selling in 2025, now is the time to act. This early momentum is the perfect opportunity to find your dream home or secure the right buyer.
For more details on this exciting development, check out the original article on Mortgage Strategy here.
Let’s make 2025 your year of moving success!
References: Insights derived from the article on Mortgage Strategy here.