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Sell My House Quickly found another interesting article about Chester. Buyers have least choice of available properties since 2004, says Rightmove.

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The number of homes estate agents typically have for sale has slumped to the lowest on a property website’s records after a “frenzied” 18 months.

A year ago, estate agents had an average of 28 homes per branch on their books, but now this average has halved to just 14, according to Rightmove.

This means sellers coming to market in the next few months and pricing their homes correctly have a high chance of a successful sale, it said.

The website said it is the lowest level per estate agency branch that it has ever recorded. Its figures on this go back to 2004.

Tim Bannister, Rightmove’s director of property data, said: “The kind of frenzied market we’ve seen in the last 18 months happens only a few times in most home owners’ buying and selling lifetimes, exacerbated by the even rarer event of a global pandemic pushing homes higher up most people’s priorities.

“While the pandemic is still having an ever-changing impact on society as we head into the new year, we expect a housing market moving closer to normal during the course of 2022.”

There are signs, however, that a fresh supply of properties is in the pipeline.

Requests from home owners to estate agents to have their home valued are 19% up on this time a year ago, indicating more choice will be coming to market in the new year.

The average price tag on a home dipped by £2,234 month-on-month in December.

Across Britain, the average asking price is £340,167, marking a 0.7% fall compared with November, Rightmove said.

Asking prices in December are 6.3% higher than a year ago, on average – and Rightmove predicts prices could rise by another 5% next year.

Increasingly stretched buyer affordability, and a wider choice of properties for sale, will take the edge off sellers’ “pricing power”, Rightmove predicts.

We found this article about Buyers have least choice of available properties since 2004, says Rightmove on The Standard. Kindly click the link to read the full story.

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