First week of housing market reopening in England – the stats so far
May 29, 2020
First week in the rental market
DEMAND
- Demand for rental property is up 33% compared to this time last year as the market reopens and renters jump into action, with Monday 18th May seeing the highest level of rental demand ever recorded in one day on Rightmove
STOCK & LET AGREED
- Almost 23,000 new rental listings have come to the market since the first day of reopening, down 10% on the same week last year
- Total available stock for rent is now up 13% since before lockdown
PRICES
- Asking rents are currently up 2.1% on 2019, down from an annual rate of 3% before lockdown. They are on average £1,089 per calendar month (for all of Great Britain)
BIGGEST RISERS
- Biggest increase in rental searches compared to last year are in Rotherham (+97%), Cambridge (+77%) and St Helens (+75%)
First week in the resale market
DEMAND
- Demand for property up for sale is now down just 7% compared to this time last year, and up 120% compared to the previous week
STOCK & SALES AGREED
- Almost 11,000 new sales listings have come to the market since the first day of reopening, 65% down on the same week last year although improving from 90% down during lockdown
- There is currently £230 billion worth of property currently on Rightmove, circa 95% of the housing market
- Total available stock for sale is down 2.5% since before lockdown
REDUCTIONS
- 1% of properties up for sale have been reduced over the past week, compared to 2% over the same week last year
- The average size of a reduction over the past week was 4.5%, the same size of a reduction as in the same week last year
ASKING PRICES
- Average asking prices of all property up for sale are up 2% on last year, the same as before the lockdown. The current average is £311,828 (for all of Great Britain)
BIGGEST RISERS
- Biggest increase in buyer searches compared to last year are Manchester (+60%), Liverpool (+54%) and Leeds (+38%)
TRAFFIC ON SITE
- On Tuesday 19th May Rightmove recorded the busiest day since Thursday 5th March, with almost 5.3 million visits, up 4% on the same day in May last year
Rightmove’s Housing Market expert, Miles Shipside, comments: “One week on from the surprise opening of the housing market and agents are still showing caution and quite rightly putting safety first, but many had already started to prepare during lockdown and so have been able to start reopening their branches and conducting viewings. The activity jump on Rightmove proves the determination of home-movers to continue with their plans over the next few months. The pause button put many of the usual metrics we report on out of kilter and so a week’s worth of data should only be taken as an early indication of activity, but it’s certainly encouraging.”
You May Also Enjoy
Homesellers say valuation appointment is key
Nearly nine in 10 home sellers say the valuation appointment is key when choosing an estate agent The latest research from GetAgent.co.uk has revealed that the valuation appointment remains one of the most influential stages of the home selling journey, with almost nine in 10 sellers saying it played an important role when deciding which…
Read More
London’s rental market bucks the national trend
New analysis from the UK’s largest property platform Rightmove reveals that rental demand in the capital is up 7% in September while Great Britain overall is 2% below last year Rental demand in London had been running around 7% below 2025 levels on average throughout 2026 until the end of August before moving into growth…
Read More 
Higher mortgage rates put buyers in the driving seat
Market conditions vary locally: three in four Scottish homes find a buyer within three months, compared with just three in ten in London Mortgage rates now average 5.2 per cent, the highest level in three years, adding £150 a month (£1,800 a year) to typical repayments and further cooling buyer demand Homes for sale…
Read More 
Prime London buyer demand cools in Q3
he latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that buyer demand across London’s core prime property market cooled during the third quarter of 2026, falling by -1.3% on a quarterly basis. However, a number of central London markets bucked the wider trend, with demand across the super-prime sector…
Read More 
Breaking Property News 30/9/26
Daily bite-sized proptech and property news in partnership with Proptech-X. SaaS traditionally sells access, AI sells outcomes Thought Leadership by Author Andrew Stanton CEO Proptech-PR For twenty years, one of the safest assumptions in property technology has been that software companies will become increasingly important. A property business identifies an inefficient process, a proptech company…
Read More 
We’ve got the visitors. Now we need your listings.
Sponsored content, paid for by Domovita. More than 10,000 people a month come to Domovita, and nearly nine in ten of them arrive on a sold-price page for one particular street, looking up what the houses there went for. You can look up your own patch here. What those people don’t find yet is enough…
Read More