After such a shocking year in 2020 with COVID19 and the news reports threatening a severe decline in property values, prices remain 31% higher than they were five years ago.
With the government announcing that we are now officially out of recession, buyers and sellers will begin to have more confidence in property transactions. In some areas, COVID hasn’t really affected the housing market at all with buyers looking to move out of cities into more regional areas.
With interest rates at an all-time low and fewer listings on the market, having more buyers creates competition and ultimately achieves higher sale prices.
We do know though, house prices are relative; if you are looking to sell in a lower market, the house you will be buying will also be lower. This means there is no real disadvantage to selling in a lower market. At (your agency) we can advise you on current trends and the local market, help you through the process of listing your home for sale and achieve the best possible outcome. Feel welcome to contact us to arrange an appointment for us to come along and discuss your vision for your future.