The weather is hot and so are the prices. Buyer confidence has certainly returned in 2020 with analysts predicting the market will continue to heat up as a result of all-time low interest rates and improved lending conditions.
Following a phenomenal turnaround in the last quarter of 2019 which saw a surge in prices and record auction clearance rates, most experts see no reason why the recovery won’t continue over the next 12 months.
Buyers, too, can take comfort in the fact that the price they are paying is dictated by the market and not by someone’s overinflated idea of the value of their home.
After the toughest market in several years, it’s great to see prices heading in a positive direction and this will inevitably attract sellers and give buyers more choice.
We might have to wait until the second half of the year to see a marked increase in stock as sellers continue to hold back waiting to see just how much prices will recover. This should get prices back somewhere nearer their peak back in 2017.
Properties are generally selling more quickly in most cases and therefore your marketing campaign may be shorter, but this won’t affect the outcome.
It just means you’ll get the best possible price in the shortest time and that’s something everyone will be happy about. Right now, however, it’s a buoyant market and a good time to be buying or selling.
If you want to get your hands on some hot property or are looking to sell in 2020, talk to any of the team here at Day & Hodgson and we’ll do out utmost to achieve an outstanding result.
Get best possible price in shortest time
THE year has barely begun and we are already seeing a rise in home values in the area, largely due to a combination of increased buyer activity and a lack of housing stock.