April 4, 2024

Uncategorized

March Property Market in Numbers

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After a very busy period in March, the market finally feels like we are heading back to some sort of normality and the Spring bounce has once again returned.

The number of sales agreed is back in-line with the 5 year average of 2017-2021, offers continue to come in strong with 25% of the sales agreed in March, at or above the asking price. On average we achieved 97.2% of our sellers asking prices, still out performing the UK market which is 96% on average.

We are also delighted to see the time to agree a sale has come back down to an average of 77 days with the time between offer acceptance and exchange down to 97 days, although we really would like to see this heading down to 56 days, like it used to be at the turn of the century!

On the whole a strong March performance and a clear confidence coming through from buyers.

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