28 Jan Sellers appear reluctant to market – but demand is high!
Lockdown has obviously had an affect on all of our lives, and whilst the property market has largely been able to continue there is a marked reduction in the amount of new stock becoming available.
Sellers appear reluctant to market their properties and there has been a 12% fall in the volume of new homes being listed for sale year-on-year, placing upward pressure on property values, according to the latest Zoopla House Price Index (28/1/2021).
And what happens when demand outstrips supply? Prices rise! House price growth has reached an almost four year high at 4.3% – the highest rate recorded since April 2017.
Wales is the fastest growing country with prices rising at 5.4% year-on-year; at a city level, Liverpool has reached a 15-year high growth rate, with prices up 6.3% on the year.
So what does this mean to the average seller:
- Demand for properties is still high
- Prices are increasing
- It can be seen as a great time to market and not face the usual level of competition.
I could also say that agents are now able to give your property the time and effort it deserves but we are proud at Open House that ALL properties we market are important to us and our personal service comes as standard.
When you market with us we will ensure that all Covid procedures are followed:
- Initial market appraisal conducted remotely if at all possible – if not then PPE and social distancing rules will be observed at all times.
- All viewings are pre-booked and ideally, conducted virtually.
- Viewers assessed to ensure that only serious viewings are conducted.
- Vendors asked to vacate the property if viewings are conducted in person.
- In-person viewings should only be undertaken by a single household at any one time.
If you are a seller who is reluctant market your property in this uncertain time, we can bring a degree of stability and support you through the process. If you think we can help, or just want to discuss your options, please do not hesitate to get in touch.
0151 648 1397
07712 642 890