Number of homes selling for above asking price hits seven-year high The imbalance of supply and demand means it’s an extremely strong sellers’ market
Updated (Image: PA)
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One in six (16%) homes were snapped up in March for more money than the amounts that sellers were originally asking for, according to estate agents.
This is why now is the perfect time to sell your home. (PA) One in six homes were snapped up for more than the original asking price last month according to estate agents. 16% of home being purchased sold for more than the selling price, marking the highest proportion of homes selling for above the asking price in about seven years. The number of sales agreed was also the highest for the month of March since 2007, NAEA (National Association of Estate Agents) Propertymark said. An average of 12 sales were agreed per estate agency branch – the highest figure for March since 2007 when the number was also 12.
This is why now is the perfect time to sell your home. (PA) One in six homes were snapped up for more than the original asking price last month according to estate agents. 16% of home being purchased sold for more than the selling price, marking the highest proportion of homes selling for above the asking price in about seven years. The number of sales agreed was also the highest for the month of March since 2007, NAEA (National Association of Estate Agents) Propertymark said. An average of 12 sales were agreed per estate agency branch – the highest figure for March since 2007 when the number was also 12.