Rightmove reports that price reductions are affecting a growing share of homes in May, reflecting an ongoing imbalance between supply and demand. The company says 32% of properties have had their prices cut, indicating that more sellers are adjusting expectations to attract buyers. Rightmove also links the trend to buyer choice, stating that choice is at its highest level for any May since 2015. The figures point to a market where buyers have more options than in previous years, at least for this time of year, while sellers face increased pressure to remain competitive on pricing. The report does not provide further detail on regional breakdowns or the average size of price cuts, but it frames the month’s data as part of a broader pattern of negotiation and price adjustment. Overall, the published indicators emphasize that more listings are becoming discounted and that buyers are encountering a wider selection than they have in prior Mays.
Rightmove: 32% of homes see price cuts in May as buyer choice peaks
Rightmove reports that price reductions are affecting a growing share of homes in May, reflecting an ongoing imbalance between supply and demand. The company says 32% of properties have had their pric...
- Rightmove reports that 32% of homes have price cuts in May.
- The share of homes with price reductions reflects an imbalance between supply and demand.
- Buyer choice is at the highest level for any May since 2015.
- Rightmove attributes the level of choice to market conditions affecting pricing by sellers.
The imbalance between supply and demand means buyer choice has reached its highest level for any May since 2015
3 months agoThe imbalance between supply and demand means buyer choice has reached its highest level for any May since 2015
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