.
Properties are taking longer to sell, encouraging other previously hesitant vendors to put their homes on the market.
Market conditions are changing, but that is having a positive impact on listings. Data shows a 4% annual increase in agency instructions during October and an 18% rise in fall-throughs. Property for sale (nationally) has almost doubled in the past six months.
Market conditions are changing, but that doesn’t seem to be impacting people’s desire to get their own property on the market. Vendors were hesitant in the crazy market we have had in the past couple of years. They couldn’t see their onward purchase as things were moving so quickly. Now properties are staying on longer; they are reassured that they could find an onward purchase, so they are more confident about putting their property on the market.
If you are thinking of selling, please feel free to call us on 0121 296 1400 to learn more about the local property market.
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