Following a strong finish to 2019, we've seen a keen interest from new buyers this year, but there's still a shortage of homes to choose from. Traditionally we would expect more homes to be listed from mid January through to April, but at present, this doesn't seem to have happened. This is a problem across the whole country, not just the local market but it is a mystery as to why people would be holding back. Interest rates remain low, with no sign of them increasing, the political climate appears to have stabilised and unemployment rates are falling.
Perhaps we're seeing a return to the historic trend of Spring being the time to sell, although in my view, the time to sell is when the competition is low, which is now! If supply remians tight, then this could see an increase in prices which wouldn't be good news for the majority of home movers. Stable markets are the most sustainable, highs and lows are no good for anyone.
If you are condisering selling , why not call us for a free valuation, the first step to making your move.