Number of homes on the market increases
The industry saw the busiest ever start to a year, and February proved to be even busier, with buyers and sellers determined to move ahead of the spring season.
The good news is, as valuations turn into instructions, more and more properties will come onto the market, giving buyers some fresh choice. In January, the seaside town of Bexhill-on-Sea in East Sussex, 88% more sellers put their homes on the market than in January 2021. The borough of High Peak in Derbyshire came in at a close second, with an 82% year-on-year increase in new sellers coming to the market, followed by the city of Chelmsford in Essex, with a 58% rise in new properties for sale versus the same time last year. *
Tim Bannister, director of a well-known property portal, advises: "The market has picked up pace and it’s a really encouraging sign to see more properties starting to come to market for sale. To put yourself in the best possible position, you should become a ‘power-buyer’ by making sure your current home is on the market, or preferably sold subject to contract first, before starting the search for your new home."
Find out how much your home is worth here, or get in touch today to book your free, no-obligation valuation.
*Property Reporter
This article was originally published by BriefYourMarket and is reproduced here with their permission.
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