3.5% increase in available homes during the past month
As the spring surge begins, the number of sales being agreed is 11% higher than the same period in 2019, with properties being snapped up in no time at all.
However, do not worry. Recent statistics show that in the past month alone, there has been a 3.5% increase in available homes. This new supply of properties is driven by homeowners looking to move in time for the summer. **
What does this mean for you as a buyer?
The replenishing supply of properties is offering buyers a wider range of homes to choose from. In a market as fast-paced as this one, it’s important to be prepared from the get-go. Obtaining a mortgage offer in principle is a good place to start before beginning the search for your next home. This will put you in a stronger buying position when you find your ideal home.
If you are an existing homeowner…
Demand is high across the country, particularly for family homes with more space. There are currently twice as many buyers on the hunt for three-bedroom homes, compared to this time last year. So, as a homeowner, you have a good window of opportunity to sell your home this spring and find your ideal home as supply increases and more homes come to the market. **
Are you considering buying or selling this spring? Get in touch with our experts to discuss your next steps.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
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