Improving property market makes this summer a good time to sell
Thursday 28 May 2009
This summer could be a good time to sell your home according to a recent Home Sale Network member survey, which indicates further improvement in the property market since the start of the year, with some estate agents reporting a growing shortage of homes to sell.
There are indications from a recent Home Sale Network report that this summer could be a good time to sell your home. 79% of Network members surveyed indicated that enquiries from buyers increased in April 2009 when compared to March. The survey also reported a 64% increase in the number of sales being agreed in the month of April over March.
When asked about the time taken to sell properties, 69% respondents indicated that the time had reduced; 55% reported this was "somewhat reduced" while 14% indicated in their market the time to sell had "significantly reduced". A further 30% of respondents reported that for them, selling times remained the same in April when compared to earlier this year.
Perhaps more significantly, this increase in market activity has left some Home Sale Network members with fewer homes to sell. 52% of those surveyed reported the numbers of properties on their books had reduced by 1-25% and a further 23% indicated the stock of homes was down by over 25%.
Richard Tucker, Managing Director of Home Sale Network said, "With the increasing number of buyer enquiries, coupled with a higher number of sales being agreed in April compared to March we are seeing further encouraging signs within the property market in this area."
"A reduction in the availability of homes as a result of more sales in reduced time periods could mean that this summer is a good time to sell your home."
"We would urge anyone thinking of moving to consider that competitively priced homes are selling and vendors can often benefit from the price reductions available on the home they wish to purchase."
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