Expanding Market Choices: Growth in UK Homes for Sale Boosts Buyer Options

Introduction

As the property market experiences its annual spring bounce, there's a noticeable growth in the number of homes available for sale. This increase gives prospective buyers a broader range of choices and more competitive prices.

Market Trends

This year, the inventory of homes for sale has increased by 20% compared to last year. This rise is not just a seasonal trend but is also supported by a 9% annual increase in property sales, indicating a robust market.

Agent Insights

According to a recent poll conducted by Dataloft and Zoopla, 61% of estate agents have observed an increase in supply in the sales market over the last three months. Additionally, 23% have reported that the levels of available properties have remained consistent, suggesting stability in the market growth.

Buyer Behaviour

Despite the increased supply and confidence in the market, buyers remain vigilant about pricing. The data shows that two-fifths of the sales agreed in March were negotiated to at least 5% below the asking price. This demonstrates that buyers are still looking for value while options increase and are prepared to negotiate to achieve favourable deals.

How Heenay Joshi Property Experts Can Assist

With more properties on the market and ongoing price negotiations, Heenay Joshi Property Experts can provide crucial guidance. Whether you're looking to buy your first home or invest in additional properties, understanding the current market dynamics is critical to making informed decisions.

Call to Action

If you're considering entering the property market or expanding your portfolio, now is a reasonable time. Contact Heenay Joshi Property Experts for advice and assistance navigating this dynamic market.