11 October 2017
National estate agent Haart have just released data from their 100 branches which makes shocking reading for anybody hoping to sell a property.
The stats include:
· Exchanges down 14.2% last month compared to September 2016
· Buyer demand down 6.7%
· Number of properties coming to market down 14% in a year and 2.2% in just a month
Sellers have already started to chase the market down by reducing prices – in my own town I see more price reduction alerts from Rightmove than new properties coming on.
But that’s only part of the story.
Our recent survey of NAPB members proves that they are more eager than ever to buy, spending eye watering sums on advertising just to let sellers know they have another route to sell.
Buying at a discounted rate means most people assume it is only the desperate who sell to a professional buyer.
The vast majority are relocating, selling an inherited property or chain breaking – and looking at Haart’s figures there’s going to be an increasing need for somebody, anybody to get chains moving.
NAPB members fit the bill.