April was an odd month. Buyers holding off but not because they are spoilt for choice. We carefully monitor the amount of property coming to the market and the numbers are fairly consistent. In other words, slow. We don’t see this changing until interest rates rise.
However, people can’t hold off for ever. So both buyers and sellers at some stage need to make decisions. We need to be realistic with our valuation advice in the first place to generate the interest.
There has been some evidence of pricing at pre 2007 levels which is crazy.
However, the last few days have been encouraging and I believe that May will be a very busy month which I think will continue through until the summer holidays. This is due to some excellent property being available at the correct level and the realisation from many people that they have to get on with things if they want to move by the end of the summer.