At Austin Property Services, we know the local housing market in and around Weymouth very well, and we stay in touch with what is happening nationally.
We pay attention to what Rightmove, the leading property portal in the market says, and they believe the next few months will be very busy for sellers.
If you are keen to sell your Weymouth home, we are more than happy to help you.
Rightmove have a lot to say about the housing market
A new study undertaken by Rightmove, which examines property moving data over the last five years (albeit excluding 2020) provides a number of interesting findings:
March is the month of the year when most buyers enquire about property
Around 75% of properties listed for sale are being bought, which compares well with the historical figure of 50%
On average, homes are currently finding a buyer in 39 days
Historically, homes find a buyer, on average, in 59 days
Historically, the number of new properties coming to the market is strongest in March
Even with this, March remains the strongest month to sell because of the high level of buyer demand
April and May are also strong months for sellers in the property market
What does the expert say?
Tim Bannister, Rightmove’s Director of Property Data, was quoted by Property Reporter as saying; “Spring has long been known as a peak point in the housing market calendar, with many buyers and sellers trying to get into a new home for the summer months. However, this interesting study confirms that for those considering selling this year, March has historically been the best time to come to market on average. For any sellers who might be conscious of coming to market at a time when the number of new listings has traditionally been high, the data shows us that the level of demand in March means sellers are likely to meet with multiple potential buyers competing for their home.”
Tim Bannister also said; “Those thinking of selling are also likely to be aiming to buy a new property and may be tempted to begin the search for their new home before listing their current one on the market. Due to the speed and competitiveness of the market, agents are reporting that it continues to be of high importance for those actively looking to become ‘power buyers’, to give themselves the best chance of securing their dream home. This means making sure they have their current property on the market or preferably sold subject to contract before beginning the search for their next home.”
Tim Bannister concluded by saying; “This spring is certainly shaping up to be a busy one, with buyer demand, new listings coming to market for sale, and valuation requests to estate agents from future sellers all continuing to increase compared to last year. Gardens are likely to be high on the list of priorities for home-movers, as outdoor space continues to be a strong consideration factor when deciding on a next home.”
Contact Austin Property Services for all your housing market needs