Property Market Update – The housing market is moving at its fastest pace for 5 years!

The fastest pace for 5 years

The property market is moving at its fastest pace for 5 years, with sales agreed on homes in less than 30 days on average.

UK house prices hit a record high

UK house prices have hit a record high of £235,000. Despite the shortage of homes for sale, there is some good news for people taking their first step onto the property ladder. Zoopla reports that 8% of homes that are currently listed for sale have been previously rented. This in turn could boost choice for first-time buyers, who are typically interested in buying the same types of homes as landlords.

Should I have my property on the market?

The market remains fast-moving. We sold 6 houses last week all sold within 10 days, 90% of them were over asking price. So it really does pay to get all your ducks in a row before you start your property search, so that you will be in a position to move quickly when you see something you like.

property update

How can we help?

If you need to coordinate the sale of your current home and buy your next one, give us a call. We can advise on the pace of the housing market in your area and whether we have any properties up for coming up for sale that meet your criteria.

Market Outlook

We expect the market to remain busy compared to last year, and for price growth to remain in positive territory towards the end of the year with stock levels starting to rebuild in early 2022 as market activity returns to more normal levels.

If you are thinking about moving and would like to find out more information whether it’s for a valuation, to discuss your circumstances and to tell us about the type of property you want to move to give us a call on 01257 451 673 or get a instant valuation here – Property Valuation