Confidence prevails as housing market activity and stock levels improve

Information from On The Market.

It appears property seekers remained keen to get on with the business of moving in March with active UK buyers and sellers confidence levels that they’d move within the next three months remaining unchanged when compared to February as buyer confidence remained at 65% and seller confidence stayed consistent at 60%.

• 65% of active buyers in the UK were confident that they would purchase a property within the next 3 months
• 60% of sellers in the UK were confident that they would sell their property within the next 3 months
• 45% of properties were Sold Subject to Contract (SSTC) within 30 days of first being advertised for sale, compared with 45% in March 2023
• Buyers and sellers wise to transact before the distraction of a general election

Our President, Jason Tebb, discusses the insights from our latest report:

The housing market continued to stabilise in March, with an early Easter, clocks going forward and promise of better weather (even if it doesn’t feel as though we are quite there yet) boosting activity levels and boding well for the traditionally busier months of April and May. With stock levels at their highest level for at least two years and a more optimistic outlook with regard to interest rates, there are opportunities for buyers and sellers keen to move, although price sensitivity remains an issue.