April already! Where does the year go...?
March was a brilliant month and records were broken all over the place. We sold more houses than we have ever sold before. We put more houses on the market than we ever have before and we made more viewings in the last quarter than any quarter previously.
In total, we put 121 properties on to the market in March and agreed sales on 68 properties. And we made over 2,200 viewings in the 1st quarter of the year.
Those are stunning figures and in total this year we have agreed sales on well over 60% of properties. Conversion of 'instructions' to sales is one of the most important stats for the general market as it gives a really good indication of what the level of activity is within the housing market. A good conversion rate, would be considered as anything over 50%, so this shows that the market seems to be flying at the moment, regardless of what the media says!
As a comparison, in late 2008 (the bottom of the market), conversion rates were as low as 15%-20% on average and as low as 2% or 3% in some areas of the country.
The lettings market is also busy as well, which is unusual, because if sales is busy, then lettings is normally quiet and vice versa. We're not complaining though...!
And to top it all, we have been shortlisted for the ESTA's (Estate Agent of the Year Awards). The grand final is towards the end of April, so we will let you all know how we get on...
It's been another great start to a year for Hatched.co.uk and the rising popularity of online estate agency continues to grow.