It's 2023 and how is the market performing?
We are just over a week into the New Year and we are increasingly being asked "How has the market started?"
Although it is still early days in 2023, we can confidently say that the market is busier than we expected, which is fantastic news if you are looking to sell your home. With the constant interest rate rises and the increasing cost of living, December 2022 was quieter than normal, which led us to believe that January could follow suit, but the month has started how a typical January should. There are more homes coming to market and new buyers beginning their search, culminating in an extremely busy start to the New Year.
January is usually the busiest month of the year with February and March following closely behind. If you are thinking of selling, now is a great time to list your home. With buyers thinking New Year, new start and wanting to be in for Spring, now is the time to secure a sale.
Demand for rental property remains very high. Last year saw rental prices increase fairly substantially, which was largely due to lack of supply. We are now seeing more property coming to the letting market which seems to have stabilised prices, but there are still numerous applicants registering. It looks like the rental market is in for a busy 2023.
If you are looking for a personal service from a local multi-award winning agent, then call us on:-
Ruislip Sales - 01895 677766
Ruislip Manor Sales - 01895 699077
Lettings - 01895 625999
Email - info@gibsonhoney.co.uk
Happy New Year and we look forward to speaking to you soon.