The national average of property prices coming to the market has hit an all-time high following a 2.1% monthly jump compared to March 2021. This is following a high buyer demand where currently, the number of buyers is larger than the number of newly marketed properties.
Two and three bedroom semi-detached homes are selling the fastest, with 30% of those marketing as sold in less than a week!
These rising prices could cause some buyers challenges as mortgage lending criteria are still constrained and the demand is outweighing the supply. Nevertheless, you can still find your perfect property! The key is being able to act quickly when the perfect property does come along by having your mortgage in principle agreed and/or your own property sold STC at the ready.
This boom in house sales is forecast to unwind as government support to individuals and businesses and the stamp duty holidays finally end in England and Wales towards the end of the year. Regardless, the stats are showing that activity is set to remain robust for the rest of 2021.
Now really is a great time to move, call us today on 01772 633399 to recieve a FREE market appraisal.
Or fill in our Online Form here and we'll be in touch with you to discuss the next steps toward getting your property on the market.