Market Update | April 22

The Best ever spring market is happening right now

The housing market continues to defy the odds

The best ever Spring market is happening right now. With annual property price growth at a 17-year high, and a record number of properties sold subject to contract within the first week of marketing, the housing market continues to defy the odds. 

Nationwide report that, at 14.3%, annual price growth in the year to March is at its strongest level since November 2004. With strong competition for available properties, many sales are subject to ‘best and final offers’ and nearly 40% of properties are selling at or over asking price. (NAEA) Rightmove report that there are more than twice as many buyers active in the UK property market as sellers and as a result 22% of properties in the UK are finding a buyer within the first week of being marketed. 

The spring surge has gathered momentum March and April have been strong months to sell with the next strongest month being May. If you are thinking of moving, now really is the time to take the plunge and put your property on the market with us, take advantage of this strong sellers’ market as now is a great time for you to find a buyer.

Give us a call to book your valuation on 01257 451 673 or have a look at the link below to find out more about Home Truths Sales and Lettings.

linktr.ee/hometruthsestateagents

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