Housing market sees the strongest spring for home sellers in a decade!
Many of us have been thinking about selling our homes in recent months, with a record number of buyers enquiring about properties on Rightmove.
Compared to this time last year, demand levels are 34% higher; even in light of the market’s pre-pandemic surges in activity at the start of 2020.
There were moments of concern when thinking about how the rest of 2021 was going to play out, with a predicted cliff edge, but thanks to the stamp duty holiday extension and the 5% deposit scheme, buyer demand will be further boosted throughout this month and next.
The average asking price for a home coming to the market has risen by 2.7% in just the past 12 months, bringing the average house price to £321,064 in the UK.
National average asking prices.
Avg. asking price
Despite fewer properties coming to market, the number of sales agreed for the first week in March was still 12% higher than 12 months ago, whilst almost two out of three properties currently on agents’ books are sold subject to contract.*
If you are thinking about taking advantage of this incredible demand and would like a quick sale, please book a valuation to start the process.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
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