Best ever Spring sellers' market

A recent report from Rightmove has highlighted that this is the best ever Spring market for sellers as prices hit a new record.

It is perfectly normal to see price rises in the property market in Spring, but there has been another new price record, as the average property price coming to market has jumped 1.7% in March (+£5,760), creating an average UK price of £354,464, it’s the first time this has exceeded the £350,000 mark.

This is the largest price rise in March since 2004 and pushes the annual rise to 10.4%.

If you are looking to sell, it’s not only the increase in the value of your home that makes this a prime opportunity. We’ve been reporting for well over a year now that demand is widely outperforming supply, this is now backed by Rightmove. In fact, this March has the biggest difference between supply and demand for this time of year, ever! There are more than twice as many buyers as sellers in the market, according to Rightmove.

Current sales nationally indicate that you’re more likely than ever to find a buyer for your property within the first week, and twice as likely as 2019!

This is the second consecutive month of record prices, and presents a great opportunity for anyone considering coming to the market with a property to sell.

We always see a busy housing market this time of year. Home valuations are on the rise and we expect exciting months ahead.

If you are hesitating overselling, these market statistics will hopefully reassure you that the conditions are optimal for a quick sale. What’s more, if you are looking for your new home, you will be in a better buying position if your own property is sold already given the competition in buyer demand.

If you would like a valuation, advice about selling your home, or to register as a buyer, please contact your local branch below.

Ash Vale – 01252 353030 | ashvale@mackenziesmith.co.uk

Aldershot – 01252 983730 | aldershot@mackenziesmith.co.uk

Farnborough – 01252 375999 | farnborough@mackenziesmith.co.uk

Fleet – 01252 812121 | fleet@mackenziesmith.co.uk

Hook – 01256 764666 | hook@mackenziesmith.co.uk

Hartley Wintney – 01252 844015 | hartleywintney@mackenziesmith.co.uk

Yateley – 01252 597900 | yateley@mackenziesmith.co.uk