Sellers who accept the first offer on their property could be missing out on an average of £6,000, according to new analysis from Alto. The research found that where homes attracted multiple offers, the eventual agreed price was typically £6,000 higher than the first offer received.
This figure increased to £10,000 when four or more buyers were involved in the bidding process. The analysis, which covered 905,265 offers on 294,582 homes between September 2025 and August 2026, revealed that 54.8% of sellers ultimately accepted an offer higher than their initial one.
The study also highlighted that properties typically attracted two offers, with 69% receiving interest from more than one prospective buyer. However, 31% of properties received only a single offer, which was less likely to result in a deal.
Furthermore, the analysis indicated that properties required a median of seven completed viewings before an offer was accepted, and it took around seven weeks from the first viewing to agreeing a sale.