Seller activity is rising as prices continue to grow
There’s been a 14% increase in houses coming to the market in recent weeks as sellers look to capitalise on record asking prices.
* This is a blessing for the hordes of eager buyers struggling against low supply. But what effect will this trend have on you?
If you’re a buyer who has been frustrated in your search for your dream home, your fortunes may soon change. Valuation requests peaked at the end of June, reflecting the levels seen in May 2021, so the perfect property may arrive on the market imminently.
Although it’s unlikely that house prices will fall any time soon, buyers may still benefit from the reduced competition when making offers.
On the other hand, sellers remain well placed to secure a fast sale while achieving their asking price. Yes, the number of sales has begun to return to pre-COVID levels, but demand is still strong enough that you could find a buyer within a mere 32 days.
If you’re selling to buy a new home, the boisterous market conditions mean you should consider listing your current property before you start your search. Hedging your bets by waiting until you find ‘the one’ could mean losing out to buyers who can place a serious offer before you’ve even chosen an estate agent to sell your home.
Still not sure whether it’s time to move? Getting an up-to-date valuation for your property will give you the information you need to make an informed decision.
Contact us to book a valuation or register your details today. You can also visit our website to browse our current range of properties – with more expected to arrive soon!
*Data from a recent analysis by property portal Rightmove.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
For more company news and insights from Pygott & Crone, click here
Latest news
Fixed-rate products: Comparing terms and understanding market options
Fixed-rate mortgages dominate UK lending markets, offering payment certainty that most borrowers value highly.
Managing rent reviews under the Renters' Rights Act: Process and tribunal risks
The Renters' Rights Act fundamentally changes rent review procedures, limiting increase frequency, strengthening tenant challenge rights, and creating tribunal risks for landlords implementing excessive or improperly procedural increases.
Mortgage costs vs rental costs: The affordability comparison for 2026
The buy versus rent decision affects your long-term financial position significantly, requiring you to look beyond headline mortgage payments versus monthly rent figures.
Outdoor space presentation: What May sellers should focus on
May presents optimal timing for showcasing outdoor spaces with gardens reaching peak condition through spring growth, flowering displays, and lush greenery.
