Your latest property market for March 2024

19 March 2024

Join James for an insight to the latest property market for March. Our location at the prestigious Broadacres community in Southwater. Thanks to Berkeley Homes for allowing us to use their beautiful show home.

What make’s now the right time to consider your next move?
 

More buyers

As the property market gears up for the spring season, homeowners contemplating selling their properties are preparing to reap the benefits. With a notable 11% surge in buyers compared to this time last year, there’s a sense of opportunity in the air for sellers. The increase in buyer interest isn’t the only encouraging sign. The market is also witnessing a rise in available properties, offering prospective buyers a wider array of options to find their dream home.

Mortgage submissions

Recent data indicates a promising trend in mortgage submissions, with numbers climbing from around 51,000 to 55,000 since December 2023. This means there are almost 4,000 new movers out there – whilst that might not sound like a lot, that’s potentially another 4,000 buyers looking for their dream home.

Spring

Springtime usually renews energy into the sales market, as brighter days and blooming gardens create an ideal backdrop for photos and property videos. In addition, Spring typically offers more hours of daylight and clearer skies, as well as an association with fresh beginnings. There is a sense of optimism and potential, appealing to prospective buyers seeking a fresh start.

Homeowners considering listing their property find themselves in a favourable market. With heightened buyer interest, more properties available, and a growing pool of mortgage applicants. There is a sense of optimism and potential, appealing to prospective buyers seeking a fresh start.​​​​​​