Sellers Encouraged as Buyer Confidence Stays Strong
Strong buyer confidence offers reassurance for property sellers.
Good news for anyone considering putting their home on the market. The latest data reveals that confidence among buyers, sellers and renters remains strong, even with wider uncertainty in the economy and government housing policy.
For sellers, the findings are especially encouraging. Four in ten sellers expect to receive an acceptable offer within three months, while a similar number anticipate a sale within six months. On the buyer side, 40% expect to secure a property within three to six months, with more than a quarter believing it will take less time. This shows that the market is continuing to move, giving sellers every reason to feel positive about listing their property.
Financial confidence among buyers is another reassuring sign. An impressive 80% are confident they can raise funds for their next purchase, with 52% describing themselves as very confident. This suggests that demand remains underpinned by strong buyer sentiment, which is good news for anyone looking to achieve a successful sale.
The report also shows that optimism extends to renters, with half expecting to secure a property within three months. This indicates ongoing movement across the market, creating opportunities for sellers as buyers and renters alike remain active.
Market activity has also been steady. New property listings grew by around 5% each month up to August before the usual seasonal slowdown, while price reductions have eased, with 11% of listings reduced in August compared to 14% in both June and July.
With confidence high and activity continuing, now is an excellent time for sellers to make their move.
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